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Peru: Mining investment up 23.4% in Jan-Feb 2018

12:44 | Lima, Apr. 11.

The Energy and Mines Ministry (MEM) said Peruvian mining investment's upward trend will continue in the upcoming months, as it grew 50.3% in February 2018 from the same month in 2017.

Within this framework, February saw investments worth US$293 million, a 50.3% increase compared to the figure registered in the same period in 2017 (US$195 million). 

In this sense, February's result boosted January-February 2018's accumulated investments (US$525 million) —up by 23.4% over the same term last year.

According to MEM, the investment carried out in the mining activity in February 2018 saw a 25% rise compared to the previous month.

"This upward trend is expected to continue during the coming months due to mining projects, which are currently under construction and the ones that will enter this (construction) phase in the current year," MEM noted. 

(END) FGM/MVB


Published: 4/11/2018
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