Joint Call for Greater Transparency:
On September 18, 2025, the Ministry of Energy and Mines (MINEM) and the Extractive Industries Transparency Initiative (EITI) published a joint blog titled “El futuro minero del Perú.” The article emphasizes Peru’s decision to reinforce international standards of transparency in its extractive sector, with a particular focus on how revenues from mining are reported and tracked. The message was framed as a national commitment to make fiscal flows more visible, in order to strengthen citizen trust and show that resource wealth can be managed responsibly.
Revenue Distribution at the Local Level:
A central theme of the blog is the distribution of mining canon and royalties to regions and municipalities. MINEM highlighted that transparency should not stop at the national level but must extend into the budgets of regional and local governments. By publishing data on transfers and expenditures, the initiative seeks to close the information gap that often fuels community dissatisfaction. In practice, this means giving citizens and watchdog groups the ability to follow the money and verify whether promised investments in education, health, and infrastructure are materializing.
Trust-Building and Future Risks:
The push for sub-national accountability is also a response to Peru’s recurrent mining conflicts, where demands for fair benefit-sharing have led to project delays and social unrest. The EITI–MINEM partnership signals an acknowledgment that good governance is as critical as geology in shaping the country’s mining future. If transparency efforts translate into real improvements in local services, they could reduce tensions and strengthen the sector’s legitimacy. But if regional authorities fail to deliver visible outcomes, skepticism may deepen, undermining the very credibility that the initiative aims to restore.