Peru: Government Establishes Fund to Support Small-Scale and Artisanal Miners

On May 21, 2025, Peru’s Ministry of Energy and Mines announced the creation of a dedicated fund aimed at incentivizing small-scale and artisanal mining activities. This initiative seeks to formalize informal mining operations, enhance environmental standards, and promote sustainable practices within the sector. The fund will provide financial support for technological upgrades, safety improvements, and environmental management plans. By facilitating access to resources and training, the government aims to integrate these miners into the formal economy, thereby increasing tax revenues and reducing illegal mining activities.