totaled US$1.624 billion between January and April 2019, thus increasing 31.2% compared to the same period last year, the Energy and Mines Ministry (MEM) informed Thursday.
According to MEM's Statistical Mining Bulletin, mining investment
amounted to US$431 million only in April this year, registering a 17.2% year-on-year growth.
Concerning mining companies, Anglo American (Quellaveco mining project
) and Marcobre (Mina Justa
) ranked first and second, respectively, accounting for 30.9% of total investments.
Likewise, MEM's Mining Promotion and Sustainability Directorate indicated that —thanks to the investment executed by Chinalco Peru, mainly for the development of Toromocho Expansion
(worth over US$102 million)— the beneficiation plant
sphere posted an 8.2% year-on-year expansion between January and April.
On the other hand, the mining equipment sector reached US$78 million in April (+100.5%), underpinned by Anglo American and Marcobre investments.
Contribution to GDP
The report also revealed metallic mining GDP registered a 0.3% rise in March 2019, compared to the same month last year. This was a positive result after several months of decrease.