Private investment in Peru will rise 34% this year over 2020 and 12% compared to 2019,
"In general, private investment in Peru this year will be 34% higher than last year, and 12% more than that of 2019, which is significant, considering that private investment was stagnant between 2015 and 2019," he remarked.
According to the government official, this difference in GDP is an additional S/24 billion (about US$8 billion) of production to be achieved this year thanks to the economic policy aimed at boosting production.
Furthermore, the Cabinet member stressed that Quellaveco mining investment, amounting to US$5.5 billion, is nearing completion.
"Construction is already in the final stage," Francke said.
For its part, Yanacocha Sulfuros is in its first stage and involves an investment of US$2.1 billion, Minister Francke pointed out.
"The investment is moving forward," he added.
Besides, a meeting with Zafranal mine directors was held two days ago.
"They have already presented the complete environmental impact studies and are projecting that this might be approved by August or September," he explained.
The MEF official also mentioned that mining exploration investment will increase between 30% and 40% this year.