Andina

Peru: Mining Investments exceed US$3.34 billion as of 3Q 2024

08:21 | Lima, Nov. 19.

The Ministry of Energy and Mines (Minem) reported that mining investments in Peru exceeded US$3.343 billion as of the third quarter of 2024, reflecting a positive growth of 2.7% compared to the same period in 2023 (US$3.256 billion).

These figures reflect investors' confidence in our mining sector's potential and their commitment to the modernization and expansion of mining operations, as indicated in the Mining Statistical Bulletin (BEM), published monthly by the General Directorate of Mining Promotion and Sustainability of Minem.

Last September, mining investments in exploration, which is crucial for discovering new resources, amounted to US$53.2 million.

The cumulative investment from January to September 2024 reached US$392 million, a 26.6% increase compared to the same period in 2023.

Investment in mining equipment reached US$66 million, marking a 10.1% increase compared to August of this year.

The cumulative amount from January to September 2024 totaled US$602 million, a 26% growth compared to the same period in 2023.

Regarding infrastructure, investments in September 2024 amounted to US$103 million, an 8.5% increase compared to the previous month.

The beneficiation plant category registered investments worth US$104 million in September 2024, a 5.8% growth from the previous month.

In the development and preparation sector, investments reached US$60 million, marking a cumulative total of US$497 million as of the third quarter of 2024.

(END) NDP/MAT/MVB

Published: 11/19/2024