► Peruvian Mining investment to reach US$12.800 billion in 2020-2021

Antapaccay mine pite Lake

Peru's Energy and Mines Ministry (MEM) on Thursday projected the country will receive mining investments worth US$6.300 billion in 2020 and US$6.500 billion in 2021.

Thus, the upward trend —registered since 2017— will remain in place.

Deputy Minister of Mines Augusto Cauti informed that mining investment is close to reaching US$6.000 billion in 2019, thus ending the year with a growth rate of almost 25%.

"This year, we are growing at about 25% in mining sector investments compared to last year. We will reach three consecutive years of expansion, which is not a minor figure considering the global situation," he expressed.

Steady increase

It should be noted mining investment totaled US$3.928 billion in 2017, which meant a growth of 17.8% over 2016.

In 2018, mining investment amounted to US$4.947 billion, thus representing an expansion of 25.9% compared to 2017.

"This improvement is not only important for this sector, but also for the country since mining is one of the driving forces behind the country's growth and the population's development," the deputy minister underlined.