Andina

Peru: Mining investment up 9.6% in the first 10 months of 2017

Cobre

Cobre

14:07 | Lima, Nov. 28.

Mining investment in Peru amounted to US$3.731 billion between January and October 2017, thus registering a 9.6% increase over the same period last year, Energy and Mines Ministry (MEM) informed Tuesday.

In this sense, MEM pointed out almost all sub-sectors showed gains in the said period. 

Segments such as infrastructure (+37.9%), preparation (+26.9%), and exploration (+28.7%) stood out in this sense.

Together, they accounted for 74% of the total investment.

"There is an important evolution, which is a clear indicator that mining investment in the country is entering a recovery phase," Deputy Mines Minister Ricardo Labo expressed. 

Likewise, he noted investors' interest in the mining sector is positive thanks to the current price of major metals in international markets. 

(END) CNA/JAA/MVB

Published: 11/28/2017