Peru's mining investment will increase 20% in 2018 and exceed US$5 billion thanks to better regulations, the creation of favorable social conditions, and the country's positive outlook, the Energy and Mines Ministry (MIM) projected.
"Mining investment [in Peru] will expand 20% this year and surpass
US$5 billion," Deputy Mines Minister Ricardo Labo affirmed.
Said rise would be driven by "regulatory changes such as the administrative simplification [policy], as well as the creation of social conditions in mining environments […]," he added.
"Countries compete for investments. [Besides,] news or changes in other nations can make Peru more attractive, and direct
investments towards our country," he said.
Investments
Likewise, the official noted companies are expected to announce investment
projects that were identified some years ago such as Toromocho expansion (Junin region), Mina Justa (Ica), Quellaveco (Moquegua), Corani (Puno), and Pampa de Pongo (Arequipa).
"All these new investments total some
US$10 billion [...]," Labo estimated.
(END) MMG/MMG/JAA/MVB