Peru is one of the most attractive countries for mining investment worldwide, which is reflected in the investments registered in the sector, which reached $839 million US dollars in the first quarter of the year, according to the Ministry of Energy and Mines (MEM).
“This result means an increase of 30.2% with respect to the same period of the previous year”, El Peruano said.
The General Directorate of Mining (DGM) of the MEM informed that the largest increase in these investments was on infrastructure and profit plans, which recorded $218 million dollars and $181 million dollars, respectively.
“As reported by the mine owners through the new format of Statistical Monthly Statement (Estamin), mining investments in March 2018 totaled $312 million dollars, exceeding by 42.6% the amount registered in the same month of the previous year ($219 million dollars)”, you can read in El Peruano.
In detail, copper production rose 5.8%, zinc production 7.2%, iron 8%, tin 4.5% and molybdenum 38.6%, compared to the same month of 2017. However, gold production, silver, and lead decreased.
(Source)
(Cover Photo Pixabay)
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