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Peru: Mining investment totaled US$1.193 billion in 1Q 2019

13:44 | Lima, May. 9.

Mining investment in Peru totaled US$1.193 billion in the first quarter of 2019, thus increasing 37.1%, the Energy and Mines Ministry (MEM) has informed.

According to the government institution, mining investment amounted to US$870.5 million between January and March 2018.  

For its part, privately-run National Society of Mining, Oil, and Energy (SNMPE) indicated Ica region received US$236.1 million in the first quarter of 2019, thanks to the construction of Mina Justa (Marcobre). Thus, it ranked first among national regions.

Furthermore, it reported this region registered an investment worth US$90.8 million in March this year, a 64.4% increase compared to the same month in 2018 (US$55.2 million).

Meanwhile, Moquegua region holds the second place (US$231.4 million) in 1Q thanks to Quellaveco mining project executed by Anglo American-Mitsubishi.

Moreover, mining investments in Moquegua reached US$108.5 million in the third month of this year, thus posting a 236% expansion compared to the same month in 2018 (US$32.3 million). 

Junin region takes the third position (US$130.1 million).

Production

In March, Arequipa region led copper production registering 44,700 fine metric tons (FMT), followed by Ancash (44,200 FMT), and Apurimac (32,000 FMT). 

Moreover, Cajamarca region was the major producer of gold (2.7 tons), followed by La Libertad region (2.6 tons).

Regarding zinc, Ancash region held the first position (38,000 FMT) followed by Junin and Pasco, with 22,000 FMT and 19,000, respectively.

(END) JJN/DTK/MVB

Published: 5/9/2019
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