stated that mining investments in Peru would exceed US$5 billion in 2025.
"We believe that mining investment will surpass the amount recorded in 2024 (which totaled US$4.961 billion), and this year we will exceed US$ 5 billion," Montero told Andina News Agency.
"Both exploration and development will contribute to reaching that figure in 2025, without a doubt," he added.
The Peruvian government official indicated that various projects are being activated in different regions of Peru, which will drive mining investments the current year.
"There are projects being activated, such as Pampas de Pongo, Tia Maria, and Zafranal (in Arequipa region), as well as Yanacocha Sulfuros (in Cajamarca region), which are quickly maturing and advancing," Montero explained.
"Las Bambas (in Apurimac region) also has expansion projects that are currently being designed and developed. So, there is a significant incentive for the growth of mining investments this year and next year as well, without a doubt," he added.
"Mining investment is recovering in terms of exploration; we also have some large-scale and medium-scale mining projects that are moving forward toward the start of construction, and that is important," Minister Montero concluded.