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This year 2023 investment in the mining industry it will fall again after registering a 0.5% decline last year, forecasts from the Central Reserve Bank (BCR) indicate.
Mining investment is expected to fall by 16.7% this year, while overall private investment will have a 0.5% retracement.
And mining investment is even predicted to remain negative next year, with an 8.6% drop, but why?
BCR President, Julio Velardenoted that no major mining project will be built in Peru this year.
“This year, a significant reduction will be due to investment in the mining industry, there are no new important mining projects under construction; there is Zafranal copper, hopefully it will be possible to make the one that Newmont has in the north, which was announced a long time ago, but not but there is a specific announcement,” Velarde said a few days ago.
The head of BCR pointed out that while there is a large chain of new mining projects in Chile, “in Peru we are left with mining projects small in number and size compared to the investments we had before.
According to the BCR report, investments in the mining industry totaled about $5,364 million last year, mainly from Anglo American Quellaveco, Antamina and Yanacocha.
Similarly, for the forecast for the period 2023-2024. the completion of the construction of facilities is being considered. kualaveco this year.
The start of the construction phase of the San Gabriel in 2023 is also considered, while the start of the construction phase of the Antamina replacement project is considered for 2024.
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.