Since President Ollanta Humala took office in July 2011 to date, mining investment reached US$34.020 billion in Peru, the Energy and Mines Ministry announced.
The amount represents a growth of 142% compared to investments carried out during the previous administration between 2006 and 2011 (about US$14.039 billion).
A projection issued by the Ministry stated mining investments are expected to reach US$42.610 billion by July 2016, the month of the year when the Head of State will leave office.
"The remarkable growth, which was accumulated in the last four years, is based on the Peruvian mining's great potential. These investments have been carried out in diverse sectors, such as infrastructure, mining exploitation, plant equipment, exploration, mining equipment, and mine preparation," Mining Section General-Director at the Energy and Mines Ministry Marcos Villegas affirmed.
It must be noted the investment guarantee a large-scale production in the future thanks to the consolidation of mining projects, which have already begun or will enter the mining operation phase before the current administration concludes, such as: Las Bambas (Apurimac region), Cerro Verde extension (Arequipa), Toromocho (Junin), Antapaccay and Constancia (Cusco), among others.
The new projects are expected to lead to doubling the copper production ensuring the resource availability, so the current and next administrations are allowed to continue developing the social programs the Peruvian people needs.
“Likewise, it will be a great development opportunity for the most remote areas of the country, where the modern mining activity is being carried out,” he pointed out.
(END) RGP/RGP/MVB
Published: 8/3/2015