Record Revenue vs Real Development: A Critical Look at Mining's Impact

Record revenues? Yes. Development? It depends.

While Peru’s mining sector projects record-breaking revenues in the hundreds of millions, the real question isn’t about the numbers but about their impact: how much of this wealth actually transforms into sustainable development? Mining isn’t the engine of a country’s development—it’s just the fuel. And without a proper engine (industry) to transform it, this fuel can only cause fires. The true seeds of development lie in the secondary industry of mining-related goods and services, where technical employment, know-how, and highly qualified human capital create lasting value. Read the full article here to discover how Peru can transform its mining wealth into sustainable industrial development and innovation.