Private investment in Peru's southern Moquegua region reached US$791 million between January and August 2019, up 151.4% from the same period last year (US$314.6 million), National Society of Mining, Oil, and Energy (SNMPE) has reported.
The region hosts the
Quellaveco project developed by
Anglo American-Mitsubishi consortium. In August, US$169.9 million was invested there, a 370.8% increase compared to the similar month in 2018 (US$36.1 million).
Private investment in
Ica region —which holds the second place— totaled US$687.1 million in the first eight months of 2019, a 40.9% rise over the same term last year (US$487.5 million).
Mina Justa project, currently under construction, is located in this region. US$92.3 million was invested in the eighth month of the year, an 82% expansion compared to the same month last year (US$50.7 million).
Junin region takes the third position, having received US$344.3 million between January and August this year, up 46.7% compared to the same period in 2018.
Furthermore, Arequipa (US$250 million) and Cajamarca (US$203 million) regions ranked fourth and fifth, respectively.
Finally,
SNMPE informed private investment in Peru amounted to US$3.556 billion between January and August 2019, a rise of 26.3% from the same period in 2018 (US$2.816 billion).
(END) MDV/MDV/DTK/RMB
Published: 10/11/2019