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Peru: Mining investment up 36.3% in Jan-Apr 2018

13:33 | Lima, Jun. 1.

Peru's mining investment reached US$1.202 billion in the first four months of 2018, up by 36.3% over the same period last year, Energy and Mines Ministry (MEM) informed.

According to MEM's latest statistical report, mining investment totaled US$363 million last April, a 53.2% rise from the same month in 2017 (US$237 million).

This growth was maintained in most of the segments, from which beneficiation plants and infrastructures stood out by drawing investments worth US$320 million and US$279 million, respectively.

Together, these two resources accounted for over 50% of the mining investments implemented so far this year.

In this regard, MEM pointed out this progress will significantly help close social gaps by financing works in sectors such as education, health, nutrition, infrastructure, and cultural promotion.

The report also affirmed social investments contribute to improving the living conditions of people residing near mining projects.

It must be noted mining investment in the Inca country generated more than 193,000 jobs last April.

Also, metallic mining GDP expanded 5.5% in March 2018 from the same month the previous year, driven by greater production of copper, zinc, iron, tin, and molybdenum.

(END) NDP/JAA/MVB

Published: 6/1/2018
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