Peru: Mining investment up 3.8% in first 8 months of 2017



13:03 | Lima, Oct. 9.

Peru's mining investment amounted to US$2.833 billion as at August 2017, thus registering a 3.8% rise from the same period last year, Energy and Mines Ministry (MEM) informed.

In this sense, mining investment has marked six months of continuous growth.

According to MEM-General Mining Bureau's (DGM) latest report, almost all sub-sectors showed gains between January and August.

These segments include mining equipment (+31.7%), exploration (+31.1%), infrastructure (+30.4%), preparation (+23.1%), processing plant equipment (+12%) and exploitation investment (+6.7%).

"Together they totaled US$2.440 billion, thus accounting for 86% of total executed investments," DGM head Alfredo Rodriguez said.


Mining infrastructure investment reached US$773 million in the analyzed period and made up 27% of total investments.

Southern Peru Copper Corporation (US$282 million), Antamina Mining Company (US$77 million) and Shougang Hierro Peru (US$66 million) stood out in this sense.


On the other hand, investment in preparation activities amounted to US$292 million.

Buenaventura leads the way at US$95 million, followed by Ares (US$32 million) and Volcan (US$31 million).


Finally, exploration investments totaled US$290 million during the Jan-Aug period.

Within this sphere, Buenaventura (US$41 million) Poderosa (US$29 million) and Marcobre (US$24 million) registered the highest investments.


Published: 10/9/2017
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