00:00 | Toronto (Canada), Mar. 6.
Mining investment in Peru will amount to US$5.7 billion in 2019 and US$6.1 billion in 2020, Central Reserve Bank (BCR) Governor Julio Velarde has projected.
Likewise, he indicated 2013 was a peak year for mining investment reaching around US$9 billion.
However, the figure dropped to US$3.3 billion in 2016 and has been making a slow recovery since then.
Velarde also noted mining investment exceeds 12% of GDP and that copper production experienced impressive growth.
"We expect nearly 3.3 million tons by 2023. Cash costs will be low as well (…). Compared to other countries in the world, Peru has seen a stronger growth," he stated.