Mining investment amounted to more than US$284 million in January this year, an increase of 4.3% compared to what was reported in the same month of 2022 (US$272 million), due to the important contribution of Anglo American's Quellaveco, according to the Mining Statistical Bulletin (BEM) of the
Ministry of Energy and Mines (Minem).
The bulletin, prepared by Minem's Mining Promotion Directorate, also indicates that three of the six areas of the investment executed in January 2024 showed significant year-on-year changes.
Thus, the investment in Mining Equipment totaled US$48 million, an increase of 15.2% compared to January last year, due to greater disbursements of Chinalco Peru, Pan American Silver Huaron, and Cerro Verde.
Likewise, the Exploration category reached US$30 million, an increase of 21% over January 2023, as a result of the exponential change in the investment executed by Shougang Hierro Peru in its administrative economic unit "CPS 1," Anglo American's Quellaveco, and the contribution of Zafranal.
Meanwhile, investment in the Others category totaled more than US$42 million, up 4% compared to December 2023, and registered a year-on-year growth of 216.6%, due to important investments made by Anglo American's Quellaveco, Las Bambas in its administrative economic unit "Las Bambas" and "Chalcobamba," and Minsur in its producing unit "Frontera Uno."
In January 2024, the Infrastructure category reached US$460 million; while the Development and Preparation category totaled US$40 million, a contraction of 12.3% compared to the same month last year, and the investment in the Smelting Plant category reached US$65 million.
When examined by mining owners, the following showed the greatest investment: Anglo American's Quellaveco (US$37 million), Chinalco Peru (US$28 million), Las Bambas (US$24 million), and Cerro Verde (US$23 million). These four owners together represent 39.7% of the investment executed nationwide.
(END) NDP/CNA/RMB
Published: 3/24/2024