Peru and Chile have a major potential in mining with the two nations standing out together as the largest hub for mining investment worldwide, Chile’s Trade Office Director in Peru, Veronica Tramer, has said.
“The investment outlook in the two countries for mining projects over the next ten years rose to US$ 160 billion,” the top Chile government’s trade executive in the country said in statements to Andina news agency.
Tramer attended the Fifth Expomina Peru, which wrapped up on Sep. 12 in the nation’s capital Lima, and hailed the mining trade event as key platform in the region for exchanging good practices among the industry experts.
“Chile’s participation at the event is importance as we can share our experience in the development of mining projects, in which the sector’s suppliers promote constant innovation,” she noted.
Likewise, the trade official stressed the importance of the Peruvian market for Chile’s leading firms and added that our country was ranked in the eight spot as an export destination of Chilean goods after reaching roughly US$ 1.9 billion.
Peru is the largest recipient of services coming from Chile with an amount value at US$ 263 million, 70 percent of which are associated with mining services.
Mining private investment in the last ten years, has increased sixfold, according to SNMPE.
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Published: 9/18/2014