reported that mining investments exceeded US$769 million in December 2024, a significant 81% increase compared to the previous month, reaching the highest executed investment figure by the end of last year.
Likewise, a 4.2% increase was recorded compared to December 2023 (US$738 million), along with positive variations in executed amounts across four of the six reported categories, notably Mining Equipment (11.2%), Exploration (61.9%), Infrastructure (19.1%), and Others (66.2%).
Thus,
adding December's results to those of the previous months, cumulative investment at the end of 2024 exceeded US$4.96 billion, a 0.5% increase compared to the same period in 2023, according to the Mining Statistical Bulletin (BEM) prepared by the
General Directorate of Mining Promotion and Sustainability at Minem.
At the level of mining titleholders, the highest investors in the last month of 2024 were Antamina Mining Company, Las Bambas, Cerro Verde Mining Society, and Anglo American Quellaveco, which together accounted for 35.8% of the investment executed in this sphere nationwide.
Regarding the Mining Equipment category, December saw a 133.2% expansion compared to November 2024, mainly due to higher investments by Antamina in its Yanacancha 1 unit, Buenaventura Mining Company in its San Gabriel project, and Anglo American in its Quellaveco mine.
In the Exploration category, December 2024 saw a 48.5% increase compared to the previous month due to higher investments executed by Zafranal in its CMZ 3 and CMZ 4 units, Buenaventura in its San Gabriel project, and Shougang in its CPS 1 unit.
Meanwhile, executed investment in the Infrastructure category in December 2024 expanded by 105% compared to the previous month thanks to higher investments by Antamina in its Yanacancha 4 and Yanacancha 2 units, Antapaccay in its beneficiation plant and Antapaccay unit, as well as Las Bambas in its Chalcobamba and Ferrobamba units.
At the regional level, Ancash led executed investment at the end of 2024 with 15.3%, driven by higher investments by Antamina in its Huincush beneficiation plant and Yanacancha 1 unit.
Moquegua region followed with a 14.2% share, driven by Anglo-American-operated Quellaveco mining unit, and the San Gabriel mining project under construction by Buenaventura.
Arequipa comes next with 10.9%. "Cerro Verde 1,2,3" concession stands out in this regard.