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

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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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