totaled US$6.157 billion during 2019, thus exceeding the goal of US$6.000 billion set at the beginning of last year and accumulating three years of consecutive growth, the Energy and Mines Ministry (Minem) reported on Thursday.
According to MEM's Statistical Mining Bulletin, the amount executed in 2019 was 24.5% higher than the one reached in 2018.
Only in December 2019 mining investments amounted to US$832 million, registering an increase of 11.6% over the same month in 2018 and an increase of 33.8% compared to the previous month.
Also, it highlighted that last year the construction of Relaves B2 San Rafael and Quecher Main initiatives was completed.
Similarly, mining investment in the
Beneficiation Plant segment —where minerals are processed— registered US$230 million in December 2019, which meant an increase of 19.9% compared to the similar period in
2018.
This result was due to the higher amount registered by Minera Chinalco Peru S.A. and Anglo American Quellaveco S.A. for the construction of their projects such as Toromocho Expansion (US$33 million) and Quellaveco (US$75 million).
At the end of 2019, the investment executed in this sphere was 7.2% higher with respect to the same period in 2018, thus totaling US$1.513 billion and consolidating itself in the first place as the segment with the greatest participation (24.6%).