Mining investments in Peru amounted to US$1.09 billion in the second quarter of 2017, thus reflecting a 9.9% growth following three years of downturn, Central Reserve Bank (BCR) reported Tuesday.
According to the Energy and Mines Ministry (MEM), said investments totaled US$993 million in the same period in 2016.
It must be noted mining investments had expanded —for the last time— in the first quarter of 2014 (1.8%).
The recovery is mainly based on higher investments by
Cerro Verde and
Southern Peru companies, whose amounts increased by US$57 million and US$38 million, respectively.
Likewise, Peru's metallic-mining sector rose
6.9% last June underpinned by greater production of copper,
zinc and molybdenum.
Additionally, copper output reached
1,143 fine metric tons (FMT) in the first half of 2017, a 5.3% rise over the same period last year.
(END) RGP/RGP/JAA/MVB
Published: 8/29/2017