Mining investments whose implementation is expected to begin next year will contribute to boosting formal employment, Labor and Employment Promotion Minister Christian Sanchez said on Wednesday.
Globe 24-7's James Sawyer meets with Victor Gobitz, President and CEO of Peru's largest publicly-traded precious metals company, Compañía de Minas Buenaventura (NYSE: BVN), to discuss Mr. Gobitz's perspective on mining and Buenaventura's vision.
Peru is attractive for mining investment because of its competitive costs and the world demand for copper will continue to increase, Moody's Investor Service vice-president Jaime Reusche said today.
Peru's mining investment amounted to US$2.355 billion, thus increasing 29.1% between January and July 2018 over the same period last year, the Energy and Mines Ministry (MEM) informed Thursday.
Between 2020 and 2021, new mining investment projects in Peru could start up to US $ 3,500 million, which would be added to the maintenance investments that are regularly made in the sector, said Scotiabank.