Canada and Peru signed a Memorandum of Understanding (MOU) on March 18, 2026, to strengthen bilateral cooperation on critical minerals and sustainable mining . The agreement was signed in Lima by Peru’s Minister of Energy and Mines, Angelo Alfaro, and Canada’s Ambassador to Peru, Jean-Dominique Ieraci, on behalf of Canadian Minister of Energy and Natural Resources Tim Hodgson .
📝 Key Areas of Cooperation
The MOU establishes a framework to deepen collaboration across the mining sector with a focus on several key areas :
- Promoting investment and expanding trade in mining equipment, technology, and services.
- Advancing technological solutions for traceability and decarbonization.
- Strengthening regulatory and governance frameworks.
- Sharing best practices for environmental and social responsibility.
- Developing a skilled and diverse workforce for the mining industry.
🤝 A Strategic Bilateral Relationship
The agreement reflects the already strong mining relationship between the two countries. Canada is the second-largest investor in Peru’s mining sector, with approximately C$11.2 billion in assets held by 67 Canadian exploration and mining companies .
The MOU is also part of Canada’s broader international strategy to secure critical mineral supply chains, including its leadership of the G7 Critical Minerals Production Alliance, which has mobilized significant capital for mining projects .
I hope this summary is helpful. Are you interested in more details on the specific critical minerals involved or the investment opportunities this agreement might create?
