Andina

Peru President: Mina Justa project to contribute to economic rebound

11:16 | Lima, Sep. 10.

President Martin Vizcarra on Monday announced that mining investment will promote economic reactivation in Peru and will ensure revenues for social sectors, thus guaranteeing health and education services.

During his speech to announce the launch of Mina Justa —situated in southern Ica region— the President explained this investment is added to the one made a month and a half ago as part of the Quellaveco project, with investments worth over US$5 billion.

"Starting the week with good news is really gratifying. The announcement is on track to improve and reactivate our economy. The mining sector investment —announced today— of US$1.6 billion is highly important," he affirmed.

The statesman affirmed the Mina Justa announcement, mostly supported by Peruvian capitals, will generate economic growth to reallocate national revenues to social sectors in order to enhance health and education services.

Likewise, he noted the mining project meets all environmental and social standards required by Peru.

"We want mining investments, but the environment-friendly ones and those respecting the project's direct influence area, and this one (Mina Justa) takes every precaution, so to speak," Vizcarra stated.

As is known, mining investment in Peru amounted to US$2.355 billion, thus increasing 29.1% between January and July 2018 over the same period last year, the Energy and Mines Ministry (MEM) informed.


(END) JCC/RMB/MVB

Published: 9/10/2018
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