Peru president wants stronger mining relations with China

By Dale Benton
The president of Peru has outlined plans to expand into mineral refining to rouse the countrys economic activity – by improving current trade rela...

The president of Peru has outlined plans to expand into mineral refining to rouse the country’s economic activity – by improving current trade relations with China.

Pedro Pablo Kuczykinski, the former investment banker turned President of Peru, has declared that the country needs to prioritise mineral extraction and trade relations with China.

“China is our number one trading partner and they are the ones who purchase our minerals,” Kuczynski said.

We are an economy with enormous natural resources, but we have to industrialise and that is no easy task. So, we will have to work with those who buy significant amounts of our exports, which means, to a large extent, China,”

As Peru’s largest mining investor, the total value of bilateral between Peru and China is believed to stand at around US$15billion.

Read the July issue of Mining Global Magazine!

Be sure to follow @MiningGlobal for news and latest updates.

Share

Featured Articles

China-Indonesia Nickel Dominance Fears Following LME Listing

China-Indonesia joint-venture PT CNGR Ding Xing New Energy has nickel product listed on London Metals Exchange, sparking nickel domination fears

EU 2023 Figures show Mining has Stalled on GHG Emissions

European Union figures from Eurostat show that – although EU GHG emissions fell in 2023 – mining made no progress, with coal mining the worst culprit

Rio Tinto, not Anglo American, 'is BHP's Real Target'

As Anglo American restructures in face of takeover bid, experts believe BHP's real target is Rio Tinto, the world's second largest metals & minerals miner

Anglo American Rejects Latest BHP Bid for Copper Supremacy

Supply Chain & Operations

Investing in America Boost for US Critical Minerals Mining

Supply Chain & Operations

Australia Looks to Loosen China's Grip on Critical Minerals

Supply Chain & Operations