Peru relies on an investment portfolio containing gold mining projects worth US$7.221 billion, private-run National Society of Mining, Oil, and Energy (SNMPE) reported Wednesday.
mining activity —which accounts for 5% of the world's production of this precious metal (151 tons in 2017)— has a potential yet to be developed.
The said portfolio comprises mines located in Cajamarca, La Libertad, Moquegua, Pasco, and Puno regions.
Among the ventures to enter construction phase, Quecher Main and Conga (Cajamarca region) stand out. They entail investments worth US$300 million and US$4.8 billion, respectively.
Likewise, SNMPE mentioned new projects such as San Gabriel in Moquegua region (US$450 million), Quicay II in Pasco (US$400 million), and Ollachea in Puno (US$178 million).