Most mining exploration activities in Peru are profitable despite the drop in copper price, thus the current trade war between the United States and China would not affect mining investment expectations in the Inca country, Central Reserve Bank (BCR) informed.
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Peruvian mining activity made up nearly 10% of national GDP and close to 62% of total exports value, thus becoming the Inca country's most important source of foreign currency in 2017, the Energy and Mines Ministry (MEM) reported.
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A total of 47.1% of Peruvian mining projects - estimated at US $ 27,562 billion - are concentrated in the regions of Cajamarca and Apurimac
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Economy and Finance Minister David Tuesta projected mining investment will total US$15 billion in the next three years, which will positively impact on the country's economic performance.
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