Peru: Ica, Moquegua & Junin regions lead mining investment ranking

11:25 | Arequipa (Arequipa region), Sep. 19.

Peruvian regions Moquegua, Ica, and Junin accounted for 50.4% of total mining investments in Peru, which reached US$3.011 billion between January and July 2019, the National Society of Mining, Oil, and Energy (SNMPE) reported on Thursday.

According to the privately-run guild, Peru's Moquegua region registered mining investment worth US$621 million in the first seven months of the year. This figure represented a 123% increase compared to the similar period last year.

The area hosts the Quellaveco Project developed by the Anglo American-Mitsubishi consortium. In July, US$106.1 million was invested, a 65.1% rise compared to the same month in 2018. 

Ica —which holds the second place— reached US$594.8 million in the above-mentioned term, a 36.1% rise compared to the same period in 2018 (US$436.8 million).

The construction of Mina Justa Project takes place in this region. US$95.2 million was invested in the seventh month of the year, a 52.3% expansion compared to the same period last year. 

Likewise, Junin region takes the third position, having received US$302.3 million between January and July this year, a 64.8% expansion compared to the same period in 2018.

Junin hosts the Toromocho Expansion Project. This region received US$46 million in July this year, a 41.5% increase compared to the same month in 2018. 

Other regions 

Furthermore, Arequipa (US$217.6 million) and Cajamarca (US$175.3 million) regions ranked fourth and fifth, respectively.


Published: 9/19/2019
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