Andina

Largest mining investment in Peru takes place in Moquegua, Ica, and Junin

21:36 | Lima, Jan. 8.

Moquegua, Ica, and Junin are the regions that attracted the most mining investments between January and November 2020, with a total that exceeds US$2.107 billion, according to the information contained in the latest edition of the Statistical Bulletin prepared by the Ministry of Energy and Mines (Minem).

Mining investments in November 2020 amounted to US$384 million, showing a slight recovery of 0.7% compared to the previous month.

Regarding mining investments accumulated in the first eleven months of 2020, it totaled US$3.667 billion at the national level.

As for mining investments executed at the regional level, Moquegua stood at first place, attracting a significant amount of US$1.258 billion, which accounted for 34.3% of total mining investments, as a consequence of the construction of the Quellaveco mining project in said region.

Ica attracted the second largest amount of investments (US$513 million), making up 14% of the total, driven by the Mina Justa project

Junin ranked third with US$336 million, which represented 9.2% of the total. The Toromocho expansion project is carried out is this region.

It should be pointed out that, as of November 2020, the three above-mentioned regions together make up 57.5% of total mining investments.

In a more detailed analysis, as of November 2020, the beneficiation plant sector totaled US$1.215 billion, cementing its position as the sector that garnered the highest investments nationwide, followed by infrastructure, which amounted to US$686 million, from January to November last year.

(END) NDP/CAN/RMB/MVB

Published: 1/8/2021