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Peru Improves In Mining Exploration Worldwide

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The mining projects of Quellavaco, Mina Justa and Toromocho are considered to be very important for the country in 2019 in this industry since it will help Peru improve in exploration worldwide.

“If you do not explore there will be no future projects,” said Carlos Gálvez, president of Perumín 2019, to El Comercio. Hence the concern raised by the fall in investment in mining exploration in 2018.

According to the Ministry of Energy and Mines (MEM), investment in this area amounted to $325.5 million US dollars in January-October 2018, 12.7% less than in the same period of 2017.

The latest statistics surprise the experts since they locate Peru as the first recipient of the flow of capital of mining investment in Latin America and fourth in the world.

“If this news is confirmed, it will be the second time that we will have this leadership position in Latin America. The last one was in 2009 when we got the third place in the world”, told Miguel Cardozo, president of the Alturas Minerals junior mine, to the aforementioned media.

(Source)
(Cover Photo Pxhere)

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Ermelinda is a journalist from Caracas, Venezuela. She has a Master’s degree in Digital Journalism and has recently finished a technical degree in Veterinary Assistance because of her love for animals. She likes to do sports, but especially ballet, which she has practiced for more than 17 years. Her passion is to read, write, and blog about different topics, as well as travel whenever she can.