Investment in Peru’s mining industry has reached $34.02 billion under President Ollanta Humala’s administration, up 142 percent compared to the $14.03 billion in investment registered between 2006 and 2011, the official Andina news agency reported, citing Energy and Mines Ministry figures.
The projects executed in the past four years account for 60 percent of all mining industry investment between January 1996 and May 2015, a figure that totaled $56.36 billion, General Mining Administration, or DGM, figures show.
Official estimates call for mining investment to reach $42.61 billion by the time Humala’s term ends in July 2016, tripling the amount invested during the 2006-2011 term of former President Alan Garcia.
Several projects, including Las Bambas, Ampliacion Cerro Verde, Toromocho, Antapaccay and Constancia, are already operating or expected to begin operations before the current administration leaves office.
EFE
