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Peru: United Kingdom surpasses China in mining investments

10:43 | Lima, Oct. 30.

Companies from the United Kingdom account for 20.9% of the total investment estimated in the portfolio of mining construction projects in Peru (worth US$57.772 billion), thus surpassing China (17.6%), the latest Energy and Mines Ministry (Minem) bulletin has reported.

According to the document, investments for the 48 projects of the mining portfolio come from 11 countries, including the Inca nation.

Among the most representative UK investors are Anglo American with the Quellaveco mining project (Moquegua region; US$5.3 billion) and Rio Tinto with La Granja mining project (Cajamarca region, US$5 billion).

In Quellaveco's case, Anglo American executives will provide information on the progress made on the investment level for the mining project.

Other countries

Furthermore, the Minem bulletin pointed out China holds the second place, as its mining investments amount to US$10.155 billion with five projects.

Meanwhile, Canada is ranked third (11 projects) which represent 14.7% of the total. This country has the highest number of projects in the portfolio.

It should be noted Peruvian companies account for 7.9% of total mining investments in the nation, with seven projects worth US$4.581 billion.

(END) CNA/DTK/MVB

Published: 10/30/2019