Peru: Mining investment up 29.1% in Jan-Jul 2018

Peru: Mining investment up 29.1% in Jan-Jul 2018

According to MEM’s Statistical Mining Bulletin, Beneficiation Plant investment totaled US$690 million, a 358.2% rise in the first seven months of this year, compared to the same period in 2017 (US$151 million).

However, Infrastructure allocations decreased 6.2% (US$573 million) from the similar period last year (US$611 million).

Concerning Development and Preparation, the accumulated investment between Jan-Jul 2018 expanded 37% (US$345 million), compared to the analyzed period in 2017 (US$252 million).

Furthermore, Mining Equipment increased 26.6% (US$299 million) during the first seven months of 2018, over the same period last year (US$236 million).

Regarding Exploration and Others, they registered 5% and 34.2% decrease, respectively.

Investments by spheres

With regard to total mining investments between January and July 2018, Beneficiation Plant holds the first place (29.3%), followed by Infrastructure (24.3%), Development and Preparation (14.6%), Mining Equipment (12.7%), Exploration (9.6%), and Others (9.4%).