Peru: Mining investment total US$3.011 billion in Jan-Jul 2019

16:39 | Lima, Sep. 4.

Mining investment in Peru totaled US$3.011 billion between January and July 2019, thus increasing 24.5% compared to the same period last year, Energy and Mines Minister Francisco Ismodes affirmed Wednesday.

According to the official, US$1.338 billion was spent through projects in execution. 

Likewise, US$1.464 billion was destined for reinvestment in operations, US$188 million was allocated for exploration investments, and US$20.3 million for starting new projects. 

In this sense, Ismodes indicated the forecast to reach US$6 billion in mining investment by the end of the year has been maintained. 

Furthermore, the minister pointed out important projects —such as Mina Justa, Toromocho Expansion, and Quellaveco— were activated in 2018. 

Remarks were made during his presentation at Congress' Energy and Mines Commission. 


Published: 9/4/2019
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