Mining investments in Peru amount to US$2,342 million in the first half

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Press release

This is an automatic translation of the original press release published in Spanish

The Ministry of Energy and Mines (MINEM) reports that cumulative mining investments in the first half of 2022 amount to $2,342 million, an increase of 10.9% compared to the same period in 2021 (2 $112 million), according to figures from the Mining Statistical Bulletin, prepared by the General Directorate of Mining Promotion and Sustainability.

Meanwhile, in June this year, mining investments reached 455 million dollars, reflecting an increase of 16.1% compared to what was recorded the previous month (444 million dollars), achieving an increase of 8.4% compared to what was reported in the identical month of 2021 (427 million US dollars).

As for the mining title holders who registered the highest investments in June, Anglo American Quellaveco SA with a share of 26.5% (620 million USD), followed by Minera Antamina SA with 7.6% (US$177 million) and Southern Peru with 6.1% (US$620 million). $144 million) of the total stake.

In June, the investment was made in Mining Equipment 20.7% ($81 million), Exploration 50.1% ($39 million), Infrastructure 14.3% ($117 million) and Development and preparation 90.5% ($76 million). Benefit Plant was US$101 million, down 13.5% from what was reported in June 2021 (US$116 million).

In terms of mining investments executed regionally in the first half of 2022, Moquegua retains the leadership, accounting for 29.6% of the total (US$694 million); followed by Áncash with an 8.5% stake (US$198 million). Cajamarca ranks third with 8.1% (US$189 million) of total mining investment. The three regions represent 46.2% of the total investment.

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