Andina

Peru: Mining investment totaled US$1.322 billion in first four-month period 2024

12:00 | Lima, Jun. 18.

The accumulated mining investment registered in Peru between January and April 2024 totaled US$1.322 billion, an 11.5% increase over the same period in 2023, which consolidates mining sector's importance in Peru's growth, the Ministry of Energy and Mines (Minem) reported on Tuesday.

The figures contained in the Mining Statistical Bulletin (BEM) —prepared by Minem's General Directorate for Mining Promotion and Sustainability— indicate that projects by Anglo American Quellaveco, Antamina, Las Bambas, and Chinalco Perú jointly account for 37.5% of investment at the national level.

Regarding Mining Equipment Investment, US$238 million was reported in the first four months of 2024 —a positive variation (+33.4%) compared to the same period in 2023.

In the Exploration category, the accumulated investment from January to April 2024 amounted to US$146 million —a positive 21.9% variation over the same period in 2023 (US$120 million).

Investment in Others (construction of dams, resettlement, intangibles, land acquisition, among others) amounted to US$168 million between January and April —a 100% growth compared to the figure declared in the same period last year.

In the Beneficiary Plant category, investments worth US$71 million were recorded in April 2024, a month-on-month improvement (+5%) in relation to March 2024.

In the Infrastructure category, the accumulated investment during the analyzed period reached US$284 million.

Lastly, investment at the regional level kept Moquegua in first place (US$232 million), accounting for 17.6% of the total. It was followed by Ancash (US$154 million) and Junin (US$142 million); together, they represent 40% of the total investment executed at the national level.

(END) NDP/MVB

Published: 6/18/2024