Andina

Peru: Mining investment potential exceeds US$63 billion

Photo: ANDINA/Archive

Photo: ANDINA/Archive

10:04 | Lima, Mar. 11.

The Ministry of Energy and Mines' (Minem) mining investment project portfolio reports positive growth this year, as projected investments in this sector for 2025 have increased from 51 to 68 projects, representing an investment of US$63 billion, Energy and Mines Minister Jorge Montero stated.

"The mining investment portfolio consisted of 51 projects, with an investment of US$55 billion, and has now increased to 68 projects with committed capital of US$63 billion," Montero indicated.

"These projects are advancing in their procedures and are registered with the General Directorate of Mining and the General Directorate of Mining Environmental Affairs at the Ministry of Energy and Mines," he specified.

Minister Montero mentioned that of the projects on the list, five are in the execution stage (US$5.011 billion), another five are in the detailed engineering stage (US$4.631 billion), while 21 projects are in the feasibility stage (US$19.832 billion), 25 projects are in the pre-feasibility stage (US$23.485 billion), and the last 12 are in the conceptual stage (US$11.079 billion).

"In this update, we can highlight the Northern Mining Corridor, which relies on Cajamarca's geological wealth; the Central Mining Corridor, where investment is concentrated in Ancash (region); and in the south, the mining corridor of Apurimac (region) stands out," he stated.

Furthermore, the Cabinet member emphasized that Peru's geological heritage is very rich and recognized worldwide. However, it remains underexplored, with 43% of the national territory still to be explored for the country's progress, and it does not fall within protected natural areas.

At another point, the minister highlighted that the Mining Exploration Project Portfolio showed positive growth this year, since projected investments in this sector for 2025 are expected to exceed US$1.039 billion, as he announced at the PDAC 2025 Convention last week.

He added that this figure is approximately 75% higher than the amount reported in 2024, when a total of 75 projects were recorded with investments amounting to US$644 million.

This confirms that the mining sector in Peru is experiencing significant sustained growth, contributing to national development and bridging gaps in the country's regions.

(END) NDP/MDV/MVB

Publicado: 11/3/2025