Andina

Peru: Moquegua, largest recipient of mining investment in Jan-Oct 2019

00:09 | Lima, Dec. 6.

The regions of Moquegua, Ica and Junin attracted 51% of mining investment in Peru, thus totaling US$4.699 billion between January and October this year, the National Society of Mining, Oil, and Energy (SNMPE) has reported.

Moquegua

Mining investment in Moquegua —where Quellaveco mining project is located— amounted to US$1.041 billion, up 126.5% from the same period in 2018.

Moreover, mining investment reached US$170.2 million in October alone, posting a growth of 374.7% compared to US$35.8 million recorded in the same month a year earlier.

Ica

According to the guild, Ica —where Mina Justa project is located— was the second largest recipient of mining investment in Peru between January and October of 2019, having received US$887.3 million, which represents a 38.7% rise over the same period in 2018 (US$639.7 million).

In October, said investment reached US$88.7 million, up 21.8% compared to US$72.8 million recorded in the same month the year before.

Junin

The region of Junin —where Toromocho expansion project is located— was the third largest recipient during the first ten months, with US$463.6 million, a 44.2% increase over the same period in 2018 (US$321.5 million).

In October, mining investment in Junin amounted to US$74.7 million, an expansion of 13% compared to US$66.1 million recorded in the same month last year.

(END) MDV/JJN/RMB/MVB

Publicado: 6/12/2019
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