Deputy Minister of Mines, Guillermo Shinno, estimated mining investments in 2015 will reach a similar figure than those reached in 2014, which totaled US$8.5 billion.
It represents 15% of Peru’s total GDP.
Despite world economic slowdown and the decrease of mineral prices, investments will remain, the deputy minister forecasted.
He hoped for 2015 the numbers will “repeat” due to the relevance of the investments, which were announced.
Among those are: the Las Bambas projects, which “by the end of 2015 must enter the probationary period and during 2016’s first trimester will launch the commercial operations,” explained the official.
The project, to be based in Apurimac region, will represent a US$10 billion, he indicated.
The Cerro Verde mining complex’s extension, located in the Southern Arequipa region, will conclude next year.
“By the end of 2015, its corresponding construction's first stage would begin,” he said.
In 2015, Antamina project will “recover its production levels,” after those decreased by 35% last year.
(END) FGM/FHG/MVB
Published: 1/25/2015