A total of 47.1% of Peru's mining projects —estimated at US$27.562 billion— are concentrated in Cajamarca and Apurimac regions, Lima Chamber of Commerce's (CCL) Institute of Economics and Business Development (IEDEP) reported Monday.
However, both regions experience high levels of monetary
poverty and face social conflicts that complicate the inflow of investments.
It is worth saying Peru's
mining investment portfolio consists of 49 projects valued at US$58.507 billion, which are expected to be completed over the next 10 years.
"Even though Peru has an important portfolio distributed across 17 regions,
monetary poverty is still present in some of them due to delays in the investment process —largely associated with 57 social mining conflicts that put sector's activity at risk," IEDEP Executive Director Cesar Peñaranda stated.
Cajamarca leads the list of regions with the largest mining investment portfolio —with US$16.209 billion— but also experiences high levels of
monetary poverty (at 47.6% of the population) and currently faces 11 social conflicts.
Six projects —mainly of
copper— are located in the abovementioned region. The most outstanding are La Granja (US$5 billion),
Michiquillay (US$2.5 billion), the expansion of Shahuindo Stage 2 (US$109 million), and
Quecher Main (US$300 million).
Apurimac —where
monetary poverty levels reach 35%— comes next with seven projects valued at US$11.353 billion. The region sees five social conflicts.
Its most important projects include Hierro Apurimac (US$2.9 billion), Haquira (US$2.824 billion), and Los Chancas (US$2.8 billion).
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Published: 5/7/2018