totaled US$4.947 billion in 2018, a 26% increase compared to 2017, thus expanding for the second year in a row, the Energy and Mines Ministry (MEM) reported Tuesday.
According to MEM, this expansion was mostly underpinned by the investments
in Shahuindo Expansion, Marcona Expansion, and Toquepala Expansion projects, which were in final construction phase in 2018.
Likewise, the portfolio highlighted the start of construction of Toromocho Expasion
(Junin region), Quellaveco
(Moquegua region), Mina Justa
(Ica region), Ariana (Junin region), Quecher Main (Cajamarca region), and B2 tailings in San Rafael (Puno region), which amount to US$8.88 billion and contribute to the sector's continuous growth.
Investments per sectors
On the other hand, the beneficiation plant
sphere registered a 392.4% rise in 2018, reaching US$1.412 billion.
Moreover, investments in development and preparation totaled US$761 million last year, while mining equipment amounted to US$657 million.