As of the fifth month of 2024, it amounts to US$ 1,734 million with an increase of 13.3%, especially in the area of mining and exploration equipment.
Mining investments in Peru registered a growth of 19.6% in May 2024, compared to the same month in 2023, reported the Ministry of Energy and Mines (Minem).
The positive variation was recorded in five of the six items studied, mainly Mining Equipment and Exploration.
In May 2024, mining investments registered a figure higher than 412 million dollars compared to last April, with an increase of 26%, reaching the highest investment figure executed so far in 2024, according to Minem.
In this way, adding the result for May to what was obtained in the previous months, the accumulated investment as of the fifth month of 2024 amounts to 1,734 million dollars, evidencing a positive variation of 13.3% when compared to the similar period of the previous year.
At the level of mining owners, those that registered the highest investment in the fifth month of 2024 were Compañía Minera Antamina, with a participation of 11.5%, Anglo American Quellaveco, with 10.6%, Sociedad Minera Cerro Verde, with 7.28%, and Minera Las Bambas, with 7.27%.
These four mining owners mentioned together concentrated 36.6% of the mining investment executed nationwide.
The Mining Equipment category registered an increase of 122.1% compared to May 2023, mainly due to the greater investment in the "Yanacancha 1" units and "Huincush" (Antamina) benefit plant, "Cerro Verde 1,2,3" (Cerro Verde), and "Cuajone Accumulation" and "Toquepala 1 Accumulation" (Southern Perú Copper Corporation).
Regarding the investment executed in the Exploration category, it presented a growth of 23.4% compared to what was reported in May of the previous year due to higher investment disbursements in the "Encañada 3" and "Encañada 13" concessions (Southern Peru), "CMZ 3" and "CMZ 4" (Minera Zafranal); "Cerro Lindo" and "Mónica Lourdes" (Nexa Resources Peru).
The document, prepared by the Directorate of Mining Promotion and Sustainability of Minem, indicates that, with regard to the investment executed at the department level as of May 2024, Moquegua remained in first place with a 17.3% share. , for the mining project under construction "San Gabriel" and the Administrative Economic Unit "Mina Quellaveco".
Meanwhile, Áncash maintained second position, concentrating 12.7%, driven by the greater investment carried out by Compañía Minera Antamina, and Arequipa rose to third place with 10.6%, a department in which Sociedad Minera Cerro Verde stood out.
