Andina

Peru: Ica, Moquegua & Junin regions account for 50.9% of mining investment

11:01 | Lima, Jun. 8.

Peruvian regions Ica, Moquegua, and Junin accounted for 50.9% of total mining investments in Peru, reaching US$1.624 billion between January and April 2019, National Society of Mining, Oil, and Energy (SNMPE) has reported.

According to the privately-run guild, Ica region registered mining investment worth US$330.3 million in the first four months of the year. This figure represented 44.7% compared to the similar period last year (US$228.2 million). 

The construction of Mina Justa project takes place in this region.

Moquegua —which holds the second place— reached US$323.5 million in the above-mentioned term, a 220.5% rise compared to the same period in 2018 (US$100.9 million). 

The area hosts the Quellaveco project developed by the Anglo American-Mitsubishi consortium.

Likewise, Junin region takes the third position, having received US$173.2 million between January and April this year, an 83.2% expansion compared to the same period in 2018 (US$94.5 million). 

This region hosts the Toromocho Expansion Project.

Other regions

Furthermore, Arequipa (US$111.8 million) and Tacna (US$91.3 million) regions ranked fourth and fifth, respectively. 

Production 

Moreover, SNMPE pointed out Arequipa region led copper production between January and April by having registered 162,000 fine metric tons (FMT), followed by Ancash (147,000 FMT) and Apurimac (122,000 FMT) regions.

Meanwhile, La Libertad region was the major producer of gold (10,278 kilograms), and Ancash ranked first in terms of zinc (138,000 FMT).

(END) RGP/JJN/DTK/MVB

Published: 6/8/2019
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