Peru proposes mineral formalization regime until 2028, new agency FORMAPE

Peru's Ministry of Energy and Mines (Minem) has proposed a new law (MAPE) that would establish a mineral formalization consolidation regime until 2028 and create FORMAPE, a new agency to handle authorization and mineral traceability monitoring. Former minister Carlos Herrera Descalzi suggests setting deadlines by groups of miners to track progress. This is a policy shift in Peru's approach to informal mining, which has significant economic and environmental implications.