Peru halts miner protests with talks on new mining law reforms

Peru's government has paused protests by informal miners after agreeing to talks on a new mining news law. The blockade, which disrupted transport for major firms like MMG and Glencore, was temporarily lifted as negotiations began. Authorities now aim to bring thousands of unregulated miners into compliance by the end of the year.

The dispute follows a formalisation programme that approved 31,000 miners while excluding over 50,000 others. These informal workers had blocked key routes, forcing the government to open news discussions. President Dina Boluarte, who took office after Pedro Castillo and will serve until 2026, is reviewing 134 mining projects worth $6bn (21.69bn new sol) to increase sector news.

Alongside talks, Peru is setting up a private mining fund to help small formal operators secure financing. The country has also struck a deal with Ecuador's Petroecuador to connect Ecuadorean oilfields to a Peruvian pipeline, transporting crude to the Talara refinery.

Despite economic recovery from a recession, nearly 30% of Peru's population still lives in poverty. The government hopes new mining investments and regulation will stabilise the sector and support broader growth.

The temporary halt in protests allows time for further negotiations. If successful, the new law could integrate thousands of informal miners by December. Meanwhile, the $6bn in pending projects and the Ecuador pipeline deal may strengthen Peru's mining and energy sectors in the coming years.