1、PERU MINING2026 PDAC Pre-Release EditionElections This time it feels differentImage courtesy of Knight Pisold Introduction2026 is an election year for Peru,but this years general elec-tions are different.For the first time in more than 30 years,the Congress of the Republic will once again have a bic
2、ameral Parliament,including a Senate together with the Chamber of Deputies.Furthermore,the interviewees that GBR met dur-ing early 2026 did not express the same unease,concern or nervousness about what lies ahead,as in previous election cycles.At the same time,there was no particular optimism ei-the
3、r.Instead,our interviewees were pragmatic.Their hope is that the next government will recognize that mining remains the economic engine of the economy,accounting for 8.5%of Perus GDP.There are a few factors that help explain their pragmatism.First of all,the market and society are quite different fr
4、om the previous political cycle back in 2021:“The market today is very different,and we are seeing investments from mining compa-nies,suppliers,and even competitors.Back in 2021,we were just coming out of the pandemic,and market enthusiasm was very low.Today,even with the political uncertainty,we ar
5、e in a much more positive environment,and there is a stronger belief that this cycle has a long-term foundation,”stated Kai Rothgiesser,general manager at Bosch Peru.The next factor is that Peruvians have become accustomed to political uncertainty.On October 10,2025,President Dina Boluarte,who had p
6、romised to stay in office until 2026 after taking over in 2022(when President Castillo was removed),was unanimously impeachedby Congress for“permanent moral incapacity”.Jos Jer Or,then President of Congress,became Perus seventh president in the past eight years.On 17 February 2026,the Peruvian Congr