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The government expects nearly $7 billion in investment in the mining sector in 2023 and 2024, an official said on Monday.
These are six mining projects, most of which are copper, with an estimated investment of $6.92 billion.
“We are very optimistic, almost 7 billion investments are planned in the two years to 2024, which will create about 10,000 jobs,” Minister of Energy and Mines Oscar Vera said at a meeting with the Foreign Press Association in Peru.
Construction of four of them will begin in 2023 with an expected investment of $2.947 million, while the remaining two, at $3.973 million, will begin in 2024, the source explained.
Investments in 2023 are concentrated in mines Korani (silver), Masterfully (copper), Romina (polymetallic: silver, zinc, lead and copper) and antamine (copper). Projects for 2024 include a mine Zafranal (copper) and Yanacocha (sulfides).
Canadians Bear Creek And GlenncoreJapanese Mitsubishi and American Newmont some of the companies behind the investment.
“Mining is normalized”
The minister explained that the investment comes at the height of a “boom” in minerals such as copper and a “return to normalcy” in the country after violent protests that have killed more than 50 people since December after the president’s dismissal. leftist president Pedro Castillo for Congress after the failed coup attempt.
“We have overcome a very difficult stage, which practically paralyzed the industry, with roadblocks. Mining activity has been normalized,” said the head Energy and mines.
Mining activity is one of the engines of the Peruvian economy and accounts for 8.3% of GDP.
It accounted for 66% of total exports in 2022 and is the main foreign exchange generator for the country.
Peru It is the second largest producer of silver, copper and zinc in the world and the largest producer of gold, zinc, jar, lead And molybdenum V Latin Americaaccording to official data.
(According to AFP)
Source: RPP
I am Emma White and I currently work for Buna Times. My specialty is the politics section of the website, where I aim to provide readers with informative and engaging content on current events. In addition to my professional experience in journalism, I hold a Bachelor’s degree in English Literature from Princeton University.