"We need to emphasize the importance of collaboration across all sectors to fully seize this unique moment in the history of the mining industry."
What is the impetus behind this year's rebranding to the SIMPOSIO?
We have embarked on significant transformations to commemorate three decades of history and mark our fifteenth edition. Firstly, we have opted for a rebranding and crafting a new logo. Though always known as the "SIMPOSIO" over the years, it has taken on different "surnames," being the last one "International Gold, Silver, and Copper Symposium." However, in line with the advancement of large-scale mining projects in Peru, we aim to showcase its polymetallic diversity by shedding these "surnames".
What will be the main themes of the SIMPOSIO?
The XV SIMPOSIO will kick off with a keynote address from Paul Romer, the 2018 Nobel Prize winner in Economics. Throughout the event, there will be traditional thematic sessions. For instance, Tom Palmer, CEO of Newmont and Buenaventura's CEO will join representatives from the Silver Institute and the World Gold Council to discuss perspectives on precious metals. Additionally, Simon Morris, head of CRU's Base Metals Division, will present during the session on base metals, with participation from executives of BHP, Glencore, Anglo American, and Franco-Nevada.
Rohitesh Dhawan, CEO of the ICMM, will lead a discussion on responsible production, which will be joined by the chairman of Codelco's board, the CEO of Minsur, and the head of external affairs at MMG. Miguel Cardozo will present new projects from companies like Southern Copper and First Quantum, showcasing projects such as Tía María, Michiquillay, La Granja, and Haquira.
Moreover, with a dedicated session on blockchain technology, the event will explore emerging topics, such as illegal mining in Latin America and innovative projects. The central theme of the event revolves around energy transition. Professor Martin Lambert from the Oxford Institute will analyze the role of metals produced in Peru in this transition alongside Adolfo Heeren, Anglo American Peru’s CEO, the director of Repsol's Peru business unit, and the CEO of Colbun. Furthermore, Peru's capabilities for advancing this energy agenda will be discussed, with input from Professor Peter Knights of the University of Queensland, accompanied by the director of the Ministry of Education's quality strengthening program, Buenaventura's VP of operations, and the lead partner of Kingsley Gate.
Who will be the governmental representatives attending?
Rómulo Mucho, Peru's Minister of Energy and Mines, will join a roundtable discussion alongside Suina Chahuán, Chile's Undersecretary of Mining. We expect confirmation from representatives of Argentina and Brazil to discuss the role of future metals in the region and related policies.
At the national level, a roundtable will be held with local authorities, including the deputy minister of territorial governance and the regional governor of Arequipa. Additionally, Julio Velarde, President of the Central Reserve Bank of Peru, will lead a panel on international economics. As part of the official protocol, the President of the Republic, Dina Boluarte, is expected to lead the event's inauguration.
How would you assess Peru's mining industry performance in the last few months?
In 2023, the mining sector showcased its resilience amid a challenging backdrop marked by road blockades due to external social unrest unrelated to mining. Nevertheless, a recognized need exists to enhance project execution, especially concerning permitting. Furthermore, there is an acknowledgment of the opportunity to leverage positive trends, such as favorable metal prices, by increasing investment in the exploration project portfolio and accelerating the development of new projects to capitalize on this period of prosperity. We need to emphasize the importance of collaboration across all sectors to fully seize this unique moment in the history of the mining industry.
Illegal mining poses a significant challenge for the mining sector and the country. If we allow this activity to continue to thrive, we risk losing the opportunity to exploit mineral resources for the state's benefit and to have a socio-environmentally responsible mining industry. This challenge, heightened in 2023 and continuing into 2024, demands urgent and coordinated action for mitigation.
What is your final message for the XV SIMPOSIO's attendees?
Over 30 years, Peru has made significant strides, with substantial investments and notable growth in the sector. Unlike other countries that have experienced a decline in a similar period, our mining story is far from over. We still have vast potential to explore and a long journey ahead.
Today, we possess the experience and knowledge necessary to develop large-scale mining projects like Quellaveco, Antamina, and Las Bambas, spearheaded by Peruvian talent. In addition, we have energy sources, innovation capabilities, and competitive advantages.