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Message: Peru: Mining investments expanded in Jan-Apr 2017

 
 
Lima, Jul. 3. Mining investment increased in six Peruvian regions in the period comprised between April and January 2017, the Energy and Mines Ministry (MEM) informed.
 
Said regions were: Arequipa, Lambayeque, Pasco, Junin, Huancavelica and Ayacucho.
 
According to the latest report released by MEM's Mining Promotion Directorate, Arequipa leads the ranking by having received investments worth US$181.035 million (+49%) during the analyzed period.   
 
Next in the ranking were Lambayeque (44.3%), Pasco (20.6%), Junin (6.7%), Loreto (6.6%), Huancavelica (4.3%) and Ayacucho (1.5%).
 
Taking into account all the country's regions, mining investments totaled US$1.179 billion in the January-April 2017 period (+11.4%).
 
By companies
 
In terms of investments, the ranking was led by Cerro Verde Mining Society (US$87.37 million; +38.3%).
 
It was followed by Buenaventura Mining Company (US$77.58 million; +64.1%), La Arena (US$69.50 million; +18.7%) and Shahuindo (US$31.25 million; +53.7%). 
 
Likewise, La Poderosa (US$23.37 million; +27.1%), Volcan (US$18.19 million; +58.7%), Ares (US$18.21 million; +30.1%), Santa Luisa (US$10.58 million; +38.3%) and Corona (US$10.38 million; +81.9%) stood out. 
 
The enterprises that made investments smaller than US$10 million were: Brocal (+46.6%), Kolpa (+67.2%), La Cima (+6.7%), Titan (+22.5%) and IRL (+3.3%), among others.   
 
(END) JHM/MVB

Published: 7/3/2017 Source: http://www.andina.com.pe/Ingles/noticia-peru-mining-investments-expanded-in-janapr-2017-673337.aspx
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