Canada and Peru have formalised a new partnership to enhance cooperation on critical minerals as well as sustainable mining.
Jean-Dominique Ieraci, Canada’s Ambassador to Peru, representing Canada’s Minister of Energy and Natural Resources, Tim Hodgson, alongside Peru’s Minister of Energy and Mines, Angelo Victorino Alfaro Lombardi, signed a memorandum of understanding (MoU).
The MoU aims to enhance bilateral investment, promote technological advancements around traceability and decarbonisation, and refine regulatory and governance structures.
It also seeks to encourage environmental and social best practices while developing a skilled and diverse workforce.
This initiative solidifies Canada’s position as a key foreign investor in mining and increases exports of mining equipment, technology and services to Peru, thereby opening new opportunities for the Canadian mining sector.
Ieraci said: “This MoU reflects the strength of Canada and Peru’s bilateral trade relationship and underscores our shared commitment to deepening cooperation in the mining sector.
“Together, we are fostering innovation, promoting responsible resource development and building the skilled workforce needed for a low-carbon future.”
Since mid-2025, Canada has entered into 21 mining agreements worldwide and spearheaded the G7 Critical Minerals Production Alliance, securing C$18.5bn ($13.47bn) in investments for mining projects within six months.
Canada’s significant role in Peru’s mining sector is underscored by Canadian companies holding approximately C$11.2bn in assets through 67 exploration and mining operations.
Furthermore, in October 2025, the Canada-Peru Mining Innovation Summit facilitated further industry collaboration, focusing on innovation and sustainable resource development as part of Canada’s Critical Minerals Strategy.
Hodgson said: “Canada has what the world wants, and our abundant mineral deposits and mining expertise are no exception. That is why, as part of our push to double non-US trade, generate economic growth at home and build new international trade and investment relationships, we are signing agreements like this MoU with Peru.
“As our second-largest bilateral merchandise trading partner in South and Central America, and a country where Canadian mining assets total over $11bn, I look forward to continuing to strengthen our mining relationship with our allies in Peru.”
“Canada, Peru formalise mining cooperation agreement” was originally created and published by Mining Technology, a GlobalData owned brand.
