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Minem: accumulated mining investment in exploration scored more than US$ 226 million in July

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The Ministry of Energy and Mines (Minem) He highlighted that the accumulated mining investment in exploration amounted to more than US$ 226 million in July, which meant an increase of 39.4% compared to what was registered in the same period of the previous year (US$ 162 million).

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“This behavior ratifies that the item is the most important link in mining activity in the country, since it allows the discovery of new deposits and extends the useful life of the mines that are in operation, in addition to contributing to attracting large investments to boost the national economy and maintain the mining tradition of Peru worldwide”, he remarked through a press release.

According to figures from the Mining Statistical Bulletin (BEM), only in July 2022 the investment in exploration was US$37 million, which includes a growth of 44.5% compared to what was obtained in July 2021, when $26 million.

These results are due to the greater investment made by Compañía de Minas Buenaventura SAA (+64.2%) in its “San Gabriel” project, Compañía Minera Poderosa SA (+60.6%) in its Administrative Economic Units “La Poderosa de Trujillo ” and “Freedom”; as well as the start of exploration activities this year by the owner Jinzhao Mining Peru SA in its “Pampa de Pongo” project.

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In this way, the mining owners with the highest investment participation in the item as of July were: Compañía de Minas Buenaventura SAA in first place, with a 16.4% participation; in second place, Compañía Minera Poderosa SA with 9.1%, and in third place Jinzhao Mining Perú SA with 8%.

Regarding the mining investment executed in the Exploration category in terms of regions, La Libertad was positioned in first place, with US$ 43 million executed; followed by Arequipa, with US$39 million, and Lima, with US$30 million. Together, the three regions represent 49.2% of the total investment in exploration.

Source: Larepublica

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