will reach US$6 billion in 2019, underpinned by better mineral price prospects for the long term, Energy and Mines Minister Francisco Ismodes has projected.
According to the official, these investments reinforce the capital allocated for this sector in 2018, which bordered US$4.5 billion.
"There are good medium-to-long-term perspectives. It encourages companies, which have already identified their projects, to continue with their investment
processes," the cabinet member expressed.
In the case of copper, a price of $3 per pound is expected for 2019.
"The wealth of the extracted resource generates economic resources that translate into the population's wellbeing, not only for those who live nearby the operation (sites) but also (for the ones residing) in the regions and rest of the country," Ismodes said.
Likewise, he estimated there is an investment potential that can be developed for an amount between US$2 billion and US$3 billion.
Furthermore, the official pointed out his portfolio currently boosts
a large process of rural electrification that will also serve to provide drinking water
to diverse communities.