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Friday, September 7, 2018

Peru: Mining investment up 29.1% in Jan-Jul 2018

Peru's mining investment amounted to US$2.355 billion, thus increasing 29.1% between January and July 2018 over the same period last year, the Energy and Mines Ministry (MEM) informed Thursday.

According to MEM's Statistical Mining Bulletin, Beneficiation Plant investment totaled US$690 million, a 358.2% rise in the first seven months of this year, compared to the same period in 2017 (US$151 million). 

 

However, Infrastructure allocations decreased 6.2% (US$573 million) from the similar period last year (US$611 million).

Concerning Development and Preparation, the accumulated investment between Jan-Jul 2018 expanded 37% (US$345 million), compared to the analyzed period in 2017 (US$252 million). 

Furthermore, Mining Equipment increased 26.6% (US$299 million) during the first seven months of 2018, over the same period last year (US$236 million). 

Regarding Exploration and Others, they registered 5% and 34.2% decrease, respectively. 

Investments by spheres

With regard to total mining investments between January and July 2018, Beneficiation Plant holds the first place (29.3%), followed by Infrastructure (24.3%), Development and Preparation (14.6%), Mining Equipment (12.7%), Exploration (9.6%), and Others (9.4%).