Peru's mining investment amounted to more than 4.452 billion until November 2021, up 21.6% compared to the same period in 2020 (US$3.663 million), the
Ministry of Energy and Mines (Minem) reported on Sunday.
Only in November 2021, investment in the mining sector reached US$475 million, a 2.4% rise from October (US$464 million) and a substantial increase of 23.3% from November 2020 (US$385 million), according to the latest edition of Minem's Mining Statistical Bulletin (BEM).
Minem highlighted that, despite the COVID-19 pandemic, which limited the sector at the beginning, mining proved an important engine for the generation of direct and indirect jobs, as well as of resources for the treasury.
According to the statistical document, Anglo American Quellaveco (US$1.115 billion) remained in first place with a share of 25%, supported by the investment made in the Quellaveco project.
Compañia Minera Antamina (US$400 million) and Southern Peru Copper Corporation (US$290 million) followed in second and third place with shares of 9% and 6.5%, respectively.
The above-mentioned mining companies together accounted for 40.5% of the total investment made in the country between January and November 2021.
The beneficiation plant sector (where minerals are processed) represented 27.5% of the mining investment made as of November 2021, totaling US$1.226 billion; infrastructure accounted for 26% (US$1.156 billion); and mining equipment for 13.8% (US$615 million); among others.
Regarding the investment made at the regional level, Moquegua (US$1.216 billion) remained in first place, accounting for 27.3% of the total; followed by Ancash (US$452 million; 10.2%); while Ica remained in third place (US$394 million; 8.9%).
(END) NDP/MMG/RMB
Published: 1/9/2022