The Ministry of Energy and Mines (Minem) today presented the "2025 Mining Investment Project Portfolio," comprised of 67 mining projects being developed in 19 regions and encompassing an investment of US$64.071 billion.
Minem's General Directorate of Mining Promotion and Sustainability (DGPSM), responsible for the document, highlighted that the current portfolio shows a significant increase of 17.4% (US$9.515 billion) compared to what was reported in the 2024 edition (51 projects for US$54.556 billion).
This increase is largely due to the incorporation of 19 new projects.
The projects added to the portfolio are: Cerro Verde Optimization (US$2.1 billion), Shougang Expansion (US$900 million), Quellaveco Expansion (US$850 million), Pallancata Optimization (US$511.5 million), Constancia Optimization (US$500 million), Contonga Expansion (US$362.2 million), Esperanza Expansion (US$300 million), San Rafael Reposition (US$293.5 million), Shahuindo Reposition (US$288.6 million), among others. Together, these projects total US$7.607 billion.
By comparing the current edition of the portfolio with the 2024 edition, it is important to note that 39 mining projects retained their total investment of US$46.97 billion, representing 73.3% of the total share.
Likewise, the Ministry of Energy and Mines (Minem) indicated that a total of nine projects had their investment amounts modified, generating a difference of US$2.813 billion. Of these, six projects (Cañariaco, Zafranal, Tía María, San Gabriel, Ayawilca, and Colquijirca Replacement) were increased due to updates to their studies based on the projects' progress and engineering level.
It should be noted that, between the end of 2024 and the beginning of 2025, the Romina project began implementing its development investments, completing 100% of the preliminary work. Meanwhile, the Antamina Replacement (US$1.604 billion) and Tantahuatay Replacement (US$127 million) projects are close to implementing their main investments after obtaining their environmental certifications.
The Ministry of Energy and Mines (Minem) notes that mining remains one of the most important activities for the national economy, generating resources for the regions and enabling the financing of projects and public works in the areas of the country where mining operations are located, thus contributing to improving the quality of life for millions of Peruvians.
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Published: 4/28/2025