The Ministry of Energy and Mines (Minem) presented the Portfolio of Mine Construction Projects 2021 and detailed that there are 43 projects that represent a joint investment of US $ 53,168 million, which are located in 17 regions of the national territory.
From this portfolio, 35 projects correspond to new mines (greenfield) for a joint investment of US $ 48,330 million, while eight are replacement or expansion projects (brownfield) whose investment reaches US $ 4,839 million, informed the General Directorate of Mining Promotion and Sustainability (DGPSM) of Minem.
There are also five projects under construction for one investment of US $ 7,056 million, of which three are in the detailed engineering stage (US $ 4,229 million), 11 in the feasibility phase (US $ 10,497 million) and 24 in the pre-feasibility phase (US $ 31,386 million).
Regarding the type of mineral to be extracted, there are 23 copper projects that represent 68.7% of the portfolio’s global investment; six are gold, three iron, six zinc, three silver, one lithium and uranium.
Similarly, the portfolio specifies that This year the construction of the Shouxin Expansion projects in Ica and Pampacancha in Cusco began, with a joint investment of US $ 210 million. In 2022 the construction of seven projects is expected for a joint investment of US $ 4,417 million, among which is Chalcobamba Phase I, Corani, Optimización Inmaculada, San Gabriel and Yanacocha Sulfuros.
Meanwhile, construction of the Zafranal project in Arequipa is expected to begin in 2023 with an investment of US $ 1,263 million, a figure that represents 2.4% of the portfolio’s total investment; In 2024, the execution of Los Chancas and Trapiche is expected in Apurimac, with a joint investment of US $ 3,573 million; while 2025 is Michiquillay’s turn in Cajamarca, with an investment of US $ 2,500 million.
Mining regions
The Cajamarca region has the largest share of the portfolio’s global investment, with five projects and one investment estimated at US $ 18,050 million (33.9% of global investment). Notable in this group is the Yanacocha Sulfuros project, which is expected to be built next year.
Apurímac ranks second with seven projects for a joint investment of US $ 10,199 million (19.2% of global investment). In this region, the Hierro Apurímac, Los Chancas and Haquira projects stand out for having the highest investment amounts: US $ 2,900 million, US $ 2,600 million and US $ 1,860 million, respectively.
In third position, Moquegua is located with an investment of US $ 6,377 million (12% of the total investment) distributed in three projects, among which stands out Quellaveco, which began construction in 2018 and is expected to be completed next year, with a total investment of US $ 5.3 billion.
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