Peru Appoints Jorge Montero as New Minister of Mines and Energy Amid Controversy
Peru has named Jorge Montero as its new minister of mines and energy, replacing former minister Romulo Mucho who was removed from his post amidst protests by small-scale miners. The protesters, many of whom operate without proper permits, have been demanding an extension of a program that allows them to operate temporarily.
The appointment of Montero comes after Mucho faced criticism for his handling of the issue of illegal mining, with authorities claiming that the program meant to regularize artisanal miners had instead led to an increase in illegal mining activities. Montero, who previously served as Peru’s vice minister of mines, is expected to bring a fresh perspective to the ministry.
The controversy surrounding the appointment highlights the challenges facing Peru’s mining sector and the need for effective leadership to address the issues at hand. As investors, it is important to monitor developments in the sector and assess the potential impact on investments in mining companies operating in Peru.
Overall, the appointment of Jorge Montero as the new minister of mines and energy in Peru signifies a shift in leadership and a renewed focus on addressing the challenges facing the country’s mining sector. Investors should stay informed about the situation and consider adjusting their investment strategies accordingly.