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Article 71 of the Peruvian Constitution prohibits foreigners — whether natural persons, legal entities, or foreign states — from acquiring or holding, by any title, mines, lands, forests, waters, fuels, or energy sources within fifty kilometres of the country's international borders, unless the Council of Ministers (Consejo de Ministros) issues a Supreme Decree declaring the acquisition to be of "public necessity" (necesidad pública). This constitutional restriction has historically been the key chokepoint for Chinese-state-linked and other foreign mining-investor acquisitions in Peru's border-proximate mineral belts.
DS N° 020-2024-EM exercises that constitutional authority in favour of GLOBETROTTERS RESOURCES PERU S.A.C., a mining company with foreign investment, authorising it to acquire mining-concession rights within the 50 km southern border zone. The Consejo de Ministros endorsement — required by Article 71 — was co-signed by the Presidencia del Consejo de Ministros and countersigned by the Minister of Energy and Mines, making it a full cabinet-level instrument despite its relatively narrow operative scope.
A structural predecessor is DS N° 027-2020-EM, which used the identical Article 71 mechanism to authorise a mixed foreign-and-Peruvian mining entity to acquire border- zone rights. DS 020-2024-EM is thus the second post-2020 exercise of this constitutional carve-out authority in the mining sector, reinforcing a nascent template for case-by-case executive green-lighting of foreign-invested mining acquisitions in constitutionally-sensitive border zones.
willingness to apply the Article 71 "public necessity" route as an operational instrument for FDI facilitation in large-scale mining — relevant for Chinese, Canadian, Australian, and Korean mining investors appraising border-proximate concession portfolios in southern Peru (Tacna, Moquegua, Puno departments).
2026-02-04-us-peru-critical-minerals-mou as the domestic-regulatory pillar of the Peruvian mining-FDI architecture — the MoU opens the bilateral dialogue; this decree demonstrates the constitutional mechanism through which individual foreign-investor positions can be protected.
(REINFO + PNCP artisanal-mining cluster + DS 203-2024-EF competitiveness plan) contained no large-mining FDI carve-out instrument, despite Peru being the world's #2 copper, #2 silver, and #2 zinc producer with large foreign-invested mines (Las Bambas, Quellaveco, Toquepala, Cuajone, Toromocho, Antamina).
structural chokepoint for Chinese state-linked acquisition attempts (China Minmetals/Las Bambas, Chinalco/Toromocho, Zijin Mining). Each new Article 71 presidential declaration templates how future Chinese — and other foreign — acquisition requests will be processed under the Peruvian executive.
concession parcel(s), geographic coordinates, and mineral-type scope (indicating whether this is copper/silver/zinc or polymetallic), and whether GLOBETROTTERS RESOURCES PERU S.A.C. is linked to a parent investor in a FATS-reportable jurisdiction.
RESOURCES PERU S.A.C. — not disclosed in the decree text.
parcel is disclosed in the full decree body or an annexe in El Peruano.
formalities under DS 020-2024-EM.
MINEM + PCM co-signature process that this decree operationalises.