underpinned by greater investment in mining projects that began construction in 2018 and the reactivation of non-mining investment, the Economy and Finance Ministry (MEF) has projected.
Likewise, it indicated
mining investment will continue to rise in 2019, thanks to the execution of major projects, which currently carry out significant work tenders.
Furthermore, Santa Maria Expansion project (worth US$110 million) ended its first phase in May 2019 and might advance its second construction phase during the remainder of the year.
MEF went on to add new mining projects are expected —such as Corani (US$585 million), Pampa de Pongo (US$2.2 billion), and Yanacocha Sulfuros (US$2.1 billion)— will begin construction by 2020.
On the other hand, MEF pointed out the Government constantly works on the improvement of the regulatory framework with the purpose of boosting competitiveness in the sector.
(END) MDV/DTK/MVB