The mining investment reached US$335 million in April 2023. This mode represents a 19% drop compared to the result of the same period of 2022, when US$ 413 million was reached. However, the figure for the fourth month of the year is 8.1% higher than that registered in March (US$310 million), according to the latest Mining Statistical Bulletin of the Ministry of Energy and Mines. (Minem).
What was recorded in April, in addition to what was achieved in the previous months of 2023, contributed to the cumulative investment to the second two-month period of the year, it added US$1,170 million, which meant a reduction of 19.2% compared to the same period of 2022 (US$1,448 million).
With respect to the mining title holders, there are two that registered the highest investment in the fourth month of 2023. The first was the Antamina SA Mining Company (US$147 million), with a 12.5% interest as a result of the largest investment made in its administrative economic unit Yanacancha 4.
The second, Anglo American Quellaveco SA (US$126 million), which ranked second with 10.7%; followed by Southern Peru Copper Corporation Peru Branch (US$116 million), in third position with a 10% stake; and Minera Yanacocha SRL (US$77 million), in fourth place with 6.6% of the total.
Mining investment by category in April 2023
the item profit plant registered US$72 million in April 2023, which evidenced a 30.6% decrease compared to what was declared in the same month of 2022 (US$104 million).
“This reduction was mainly due to the lower investment made by Anglo American Quellaveco SA (-75.2%), which started operations in the second half of 2022 in its current administrative economic unit Mina Quellaveco; (by) Minera Las Bambas SA (-62.7%) in its Las Bambas beneficiation plant; and (by) Marcobre SAC (-62.4%) in its Oxide Plant and Sulphide Plant beneficiation plants”, details the Minem.
Regarding investment in mining equipment, was US$54 million, reflecting a positive month-on-month variation of 66.2%. Likewise, the item presented an increase of 64.3% in contrast to what was registered in April of the previous year (US$33 million).
Meanwhile, the investment made in the exploration in April 2023 it reached US$35 million, which shows a positive inter-monthly variation of 3.4%. However, this item presented a contraction of 6.1% compared to what was reported in April 2022 (US$37 million).
This is due to lower investment disbursements made by Compañía de Minas Buenaventura SAA (-58.3%) in its Yumpag Accumulation; by Compañía Minera Zafranal SAC (-9.8%) in its administrative economic units CMZ 1, CMZ 2, CMZ 3 and CMZ 4; and by Compañía Minera Antamina SA (-2.4%) in its administrative economic unit Yanacancha 3.
Regarding the investment made in Infrastructure, in April 2023 it was US$84 million, which reflects an increase of 5.7% compared to what was reported in March 2023 (US$80 million). On the other hand, there was a drop of 8.6% compared to what was reported in April 2022 (US$92 million).
Source: Larepublica
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