Andina

Peru: Mining investment expected to reach US$12.8 billion in 2020-21

08:06 | Lima, Feb. 27.

Deputy Mines Minister Augusto Cauti projects that Peru will receive US$12.8 billion in mining investment between 2020 and 2021, underpinned by the execution of Quellaveco, Mina Justa, and Toromocho Expansion projects.


The government official estimates that mining investment will grow 2.3% to US$6.3 billion in 2020 and 3.2% to US$6.5 billion in 2021.

"We remain optimistic. We have had four years of growth in terms of investment, and the trend will remain positive. With US$6.3 billion in 2020 and US$6.5 billion in 2021, we will achieve the US$21 billion goal set by the Government for the Bicentennial year," he pointed out.

In this respect, the deputy minister explained that Quellaveco, Mina Justa, and Toromocho Expansion projects will spur investment by the Independence Bicentennial in 2021.

"We have mining projects whose construction is underway and on schedule. They are Quellaveco, Mina Justa, and Toromocho expansion. This is in addition to the regular activities carried out by other companies in order to sustain their operations," he noted.

(END) RGP/RGP/RMB

Published: 2/27/2020
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