This year 12 mining projects in Peru, that involve an investment of $14.7 million US dollars, will start, according to the Ministry of Energy and Mines (MEM).
Yesterday, President Martín Vizcarra announced this information, as well as the construction of the Mina Justa project, located in the district of Marcona in Ica, and which contemplates an investment of $1.6 million US dollars.
“Mina Justa is part of the portfolio of projects for more than $14 million US dollars promoted by the MEM, and that along with other private initiatives already underway, such as Ampliación Toromocho (Junín) and Quellaveco (Moquegua), will give a great boost to mining investments in the next three years”, said MEM, according to El Peruano.
As for Mina Justa, the Ministry of Economy and Finance (MEF) believes that it will have a relevant macroeconomic impact on the country because it will contribute to 1.1% over the annualized variation of the private investment and 0.2% in the gross domestic product (GDP).
Another benefit will be the generation of new jobs. Only for the Mina Justa project, it is estimated that between 3,000 and 4,500 jobs will be created, which will boost the Peruvian economy.
“The announcement of the development of Mina Justa consolidates a new mining cycle, which will boost economic growth between 2018 and 2019, as it joins other major mining projects announced in the last three months as Quellaveco, which will require an investment of $5,300 million US dollars, and the extension of Toromocho, whose investment amounts to $1,355 million US dollars”, said El Peruano.