Peru's Moquegua is the region that received the highest mining investment amount (US$1.481 billion) in 2019, representing a 118.4% expansion over the previous year, the privately-run National Society of Mining, Oil, and Energy (SNMPE) reported on Tuesday.
In the southern region —where the construction of Quellaveco mining project moves forward driven by Anglo American-Mitsubishi consortium— US$233.8 million was invested last December, which meant an increase of 66% compared to the US$140.8 million registered in the same month in 2018.
Ica
Ica was the region that captured the second-highest
mining investment —between January and December 2019— with a total of US$1.069 billion. It denoted a 30.7% increase over the same period in 2018.
As is known, the Mina Justa Project is being built by Marcobre S.A.C. in the area. In the twelfth month of 2019, US$107.3 million was invested for the corresponding implementation. The amount represented a 13% decrease compared to the US$123.3 million recorded in the same period in 2018.
Junin
The guild announced that —in the period from January to December 2019— the region that received the third-highest
mining investment in the country was Junín (US$588.8 million), which represented an increase of 51.8% over the similar period in 2018 (US$387.8 million).
This region hosts the Toromocho mine expansion works carried out by Minera Chinalco Peru S.A. The corresponding investment reached US$63.4 million —a 92.3% growth compared to the US$33 million registered in the same month of 2018.
Arequipa
Arequipa region was ranked fourth with an investment of US$410.7 million in the year 2019, a figure that meant a 10.1% decline over 2018 (US$457.1 million).
This southern Peruvian region received
mining investment worth US$42.5 million last December, a figure 21.4% lower compared to the US$54.1 million reported in the same month in 2018.
2019