Home » Business » Mining investments register an increase and total US$ 646 million in the first two months of 2024

Mining investments register an increase and total US$ 646 million in the first two months of 2024

The Ministry of Energy and Mines (MINEM) reported that the accumulated mining investment in the first two months of the year was US$ 646 million, which meant an increase of 22.4% compared to the same period in 2023 (US$ 528 million), according to the latest edition of the Mining Statistical Bulletin (BEM).

In February 2024 alone, mining investments reached US$362 million, reflecting a significant increase of 41.8% compared to what was registered in February of last year (US$255 million).

It should be noted that the investment executed in the 6 investment areas reported positive interannual variations such as Beneficiation Plant (+19.2%), Mining Equipment (+22.5%), Exploration (+23.5%), Infrastructure (+45.1%), Development and Preparation (+40.0%) and Others (+198.1%).

In the Beneficiary Plant category, the accumulated investment in the first two months of 2024 totaled US$ 144 million, showing an improvement of 5.8% in reference to the similar period of the previous year (US$ 136 million).

Regarding investment in Mining Equipment, the accumulated investment as of the first two months of 2024 amounted to US$ 113 million, evidencing a positive variation of 19.3% compared to the same period of the previous year (US$ 94 million).

Regarding the investment executed in the Exploration category, the accumulated investment as of the second month of the year amounted to US$ 62 million, which meant a positive variation of 22.3% compared to the same period in 2023.

At the department level, as of the first two months of 2024, Moquegua retained first place with an amount greater than US$ 131 million, representing 20.3% of participation, driven by the investment executed by Anglo American Quellaveco SA

In second place, Junín (US$ 85 million) was positioned with 13.1% contribution, where Minera Chinalco Perú SA stands out. In third place, Arequipa (US$ 59 million) holding 9.1%, largely Sociedad Minera Cerro Verde SAA

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– 2024-04-22 10:40:48

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