The relationship between Australia and Peru is growing, as the South American country seeks partnership with Australia to support innovation exchange to build its growing mining sector.
Austrade says Peru-based mining firms are well disposed to Australian innovation, providing Australian mining equipment, technology, and services (METS) access to supply chain opportunities.
Peru is one of Latin America’s best performing mining markets. Austrade notes the country offers existing mines in growth mode; a strong pipeline of new mines under construction; and solid prospects for further growth thanks to the country’s diverse mineral base, foreign investment, low energy and operating costs, and largely under-explored territory.
According to the Peruvian Ministry of Energy and Mines, 51 major mining construction projects worth over US$54 billion ($83.57 billion) are forecast in the country for the next decade.
This high level of investment in the Peruvian mining industry increases opportunities for METS exporters across all facets of the industry.
As in Australia, the mining sector in Peru continues to be a key driver of the economy. In recent years and particularly following the covid-19 pandemic, Peru is evolving into a more sophisticated mining market that seeks to become more efficient and sustainable.
Peru plans to respond to increased minerals demand by unblocking projects and increasing production while maintaining environmental, social and governance standards, including social licence and decarbonisation.
Peruvian miners are also seeking to take advantage of the economic opportunity by implementing new technology such as AI and new business models.
Peru and the broader LATAM region have a relationship-based business culture where tradeshows are crucial to grow and position your business in-market.
One such tradeshow is PERUMIN 37 Mining Convention, which will take place in Arequipa, Peru from 22–26 September 2025.
Austrade is hosting an Australian Pavilion and business program offering networking and connection opportunities between Australian METS firms and the Peruvian mining sector.
In previous years, the Australian Pavilion at PERUMIN has won multiple awards for the best international pavilion. The outcomes and connections generated from this event are unparalleled, helping Australian METS to go further and faster with Austrade assistance in Peru.
To register to attend the event, click here.
Write to Adam Orlando at Mining.com.au
Images: Austrade
