Peru's mining investment may near US$5 billion next year, posting a 20% annual expansion compared to 2017, former Deputy Mines Minister Romulo Mucho estimated on Wednesday.
This growth will be driven by the implementation of new projects like Pampa de Pongo (Arequipa), Quellaveco (Moquegua), Mina Justa (Ica), and Corani (Puno).
"Things are going well, apart from the political crisis. Mining projects are proceeding according to schedule," Mucho said.
According to the former senior official, there is no fear to invest in the Michiquillay copper project —located in Cajamarca region— which will be put out to tender in February next year.
"However, investment in this project will be made in three years since the environmental impact, pre-feasibility and feasibility studies need to be conducted first," he stated.