The Energy and Mines Ministry (MEM) expects to attract mining investments worth US$20.819 billion between 2018 and 2022, an amount that accounts for 35.6% of Peru's total portfolio in this productive sector.
According to MEM, merely US$3.850 billion (6.6%) —from the whole mining investment portfolio (US$58.507 billion)— was executed until 2017, thus leaving US$54.657 billion (93.4%) to be invested between 2018 and 2027.
In this sense, US$2.154 billion is expected to be invested in 2018
. This accounts for 10% of the entire amount to be executed in the 2018-2022 period.
Likewise, an investment of US$2.929 billion is expected for 2019, meaning a 36% increase over 2018.
The projected investment for 2020 remains on the upward trend (US$4.668 billion), up by 59% from a year before.
In addition, US$6.522 billion is planned to be invested in 2021, a 40% rise compared to the previous year.
Lastly, an investment worth US$4.546 billion is projected for 2022.
According to former Deputy Mines Minister Romulo Mucho, copper production
might increase from 2.4 million tons per year to more than 3 million tons by 2021.
Also, gold output
would climb from 155 tons to 180 tons by 2021, he concluded.