Mining investments executed between January and September this year amounted to US$4.07 billion, up 23.2% compared to the same period in 2018,
Peru's Energy and Mines Ministry (Minem) has reported.
"The amount represents an advance of 67.8% towards the goal set by the Ministry of Energy and Mines, which is aimed at reaching US$6 billion in investments this year," the ministerial portfolio pointed out.
According to MEM's latest Statistical Mining Bulletin, produced by the General Directorate of Mining Promotion and Sustainability (DGPSM), mining investment in said period was 23.2% higher than Jan-Sep 2018 (US$3.304 billion).
Only in September, investments reached US$514 million, which —in turn— represents a 5.5% increase over the same month last year.
The companies that executed the most investments during the period under review include Angloamerican Quellaveco (US$776.3 million) and Marcobre (US$575.4 million).
Together, both enterprises make up 33.2% of the executed amount, which was destined to the construction of
Quellaveco (Moquegua region) and
Mina Justa (Ica region) copper projects.
Next come Southern Peru Copper Corporation and Minera Chinalco Peru, accounting for 7% (US$285.7 million) and 6.5% (US$264.2 million) —respectively— of the investments carried out during the first nine months of the year.
(END) MDV/RMB/MVB
Published: 11/4/2019