Andina

Peru: Mining investment totaled US$4.947 billion in 2018

12:28 | Lima, Jun. 25.

Mining investments in Peru 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. 

Regions

Concerning regions, Ica registered mining investments worth US$818 million, while Moquegua and Tacna reached US$678 million and US$489 million, respectively. 

(END) JJN/DTK/MVB 

Published: 6/25/2019
Most read