International news within the industry of mining and metal, May, 21 2018
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Nine mining projects in the starting blocks in Peru

The mine of Cerro Pasco. Mining is influencing the urban development of Peruvian and Andean cities. Photo: Wikipedia, credit: Ottocarrotto
The mine of Cerro Pasco. Mining is influencing the urban development of Peruvian and Andean cities. Photo: Wikipedia, credit: Ottocarrotto
Published by
Markku Björkman - 07 May 2018

Peru wants to be one of the world's most investment-friendly countries in terms of mining and mineral extraction. The South American Ministry of Energy and Mining said in a press release that they expect an investment of over $ 20 billion in the mining industry between 2018 and 2020.

The government believes that the investments will be generated by three major projects, which are soon operational, and nine others in the starting blocks.

Just next year, $ 2.9 billion is expected to be ploughed down in mining investment, which represents a 36 percent growth compared with 2017, according to government forecasts.

The most discussed project is the Anglo Americans copper mine in Quellaveco, which is soon in production and can dramatically increase Peru's copper production.