Andina

Peru Prime Minister: Mining investment to reach US$20 billion by 2016

ANDINA/Norman Córdova

ANDINA/Norman Córdova

16:07 | Lima, Apr. 27.

The Humala administration will continue boosting large mining, energy and infrastructure projects aimed at invigorating the country’s economy, the President of the Council of Ministers Pedro Cateriano said today.

Likewise, he affirmed such investments would rise to US$20 billion by 2016.

"We will continue providing priority support, particularly to large private investments, such as: mining, energy and infrastructure projects, which have the potential boost the Peruvian economy,"  Cateriano stated.

From current date to mid-2016 –when Peru’s President Ollanta Humala leaves office- mining investments will reach an amount close to US$20 billion. Those are due to projects: Las Bambas, Toquepala, Constancia, Cerro Verde and Toromocho.


Natural gas

On the other side, Cateriano said the government is working on expanding access to natural gas supply, so it can become more accessible to both, households and enterprises.

Progress has been made in the Liquefied Natural Gas (LNG) expansion project, which seeks to reach 214,000 households thanks to a US$205 million investment, he reminded.

(END) RGP/JJN/RGR/MVB


Published: 4/27/2015