Andina

Peru: Mining investments reached US$4.699 billion between Jan-Oct 2019

15:14 | Lima, Dec. 3.

Mining investment executed between January and October this year amounted to US$4.699 billion, up 24.8% from the same period last year, according to the latest Statistical Mining Bulletin produced by Peru's Energy and Mines Ministry (Minem).

In October alone, mining investment totaled US$623 million, a gain of 35.5% from the same month in 2018 and of 21.2% compared to last September.

Investments per sectors 

The beneficiation plant segment registered the highest investment amount (US$1.102 billion).

On the other hand, investments in the development and preparation sector amounted to US$962 million.

Together, they made up 43.9% of mining investments executed in October.

Concerning mining companies, Anglo American Quellaveco (Quellaveco mining project) maintains its leading position in terms of executed investments with US$937 million, followed by Marcobre (Mina Justa project) with US$629 million. 

The investments executed by both companies together account for 33.4% of total investments.

For its part, Chinalco Peru (Toromocho expansion project) posted a year-on-year growth of 65.0% and came in third place with US$322 million, thus accounting for 6.9% of the total.

(END) CAN/RMB/MVB

Published: 12/3/2019
Most read