Peru's Minister of Energy and Mines Juan Valdivia on Wednesday invited business people from the Asia Pacific Economic Cooperation Forum (APEC) members to invest in a variety of Peruvian mining projects.

"Peru offers investors a stable macro-economic situation, and a lower country risk compared to other nations in the region, as well as appropriate norms for foreign investment," Valdivia said at the APEC ministers meeting in the Australian city of Perth.

Peru is already one of the world's great producers of zinc, lead, silver, copper and gold, but according to the most reliable data, the country has not fully explored its mineral potential, he said.

The minister said that the Peruvian government is committed to sustainable development and mining companies in Peru will have to integrate environmental and social considerations in their operations.

According to him, there is a 15-million-dollar-plus fund under Peru Copper, which owns the Toromocho Copper Project in the central mountains, to remedy the contamination of the Mantaro River basin.

Source: Xinhua