Peru’s Energy and Mines Ministry has reported the country’s mining industry has a portfolio of projects worth US$61.5 billion in planned investment, which is the second largest amount in the region after Chile’s.
This portfolio includes projects with a duly approved Environmental Impact Assessment (EIA) report in the prospecting and exploration stages and those about to embark on the production or exploitation phases.
“According to a recent estimate, this portfolio has amounted to US$61.5 billion,” said Eleodoro Mayorga, the Energy and Mines minister.
In this regard, Chile’s Trade Office Director in Peru, Veronica Tramer, stressed that Peru and Chile have a major potential in mining, standing out together as the largest hub for mining investment worldwide, with an estimated total investment of US$ 160 billion for mining projects over the next ten years.
Mr. Mayorga pointed out that, of this total, more than US$ 60 billion correspond to zinc, gold, silver and iron projects in Peru, and the rest to Chile’s.
The government official went on to add that mining projects underway in Peru total some US$ 20 billion and will enable the country to double its bronze production by the end of 2016.
(FIN) JJN/AQR/RMB
Published: 9/18/2014