2018 will be a good year for mining investment in Peru, driven by large projects that have not yet been announced, Central Reserve Bank (BCR) Governor Julio Velarde projected.
"I think it [2018] will be a good year for
mining investment, and that will invigorate other sectors," Velarde pointed out.
"Last week, I attended a meeting on mining in Toronto, and I noticed the
interest in developing large projects remains truly high, so there is no doubt these projects will be implemented," the official added.
Within this context, the BCR representative noted there is information claiming some mining companies are currently signing contracts with suppliers for the implementation of large projects.
"I can't give any more details because these projects have not been announced yet […]," he noted.
Economic recovery
The official also noted Peruvian economy is experiencing a cyclical recovery that will boost
investment in 2018.
"We are in a
cyclical recovery. Also, there are favorable external winds due to greater synchronized global growth and better
export prices," Velarde explained.
(END) CNA/JAA/MVB