The Ministry of Energy and Mines (Minem) reported that the United Kingdom is the main foreign investor in Peruvian mining with a participation of US $ 11,584 million; followed by China, with US $ 10,775 million and Canada, with US $ 8,321 million.
According to a report from the Portfolio of Mine Construction Projects 2021, prepared by the General Directorate for Mining Promotion and Sustainability (DGPSM) of Minem, the European country leads the list with seven projects, representing 21.8% of the total global investment of the portfolio (US $ 53,168 million, in 43 projects).
In this sense, the most representative British companies are Anglo American Plc. and Rio Tinto Plc, in charge of the Quellaveco (US $ 5.3 billion) and La Granja (US $ 5 billion) projects, respectively.
For its part, China ranks second, with seven projects in the portfolio that are equivalent to 20.3% of the total portfolio. Of particular note in this group are Aluminum Corporation of China Overseas Holdings Limited and Junefield Mineral Resources Holding Limited, with the projects: Expansion Toromocho (US $ 1,355 million) and Don Javier (US $ 600 million), respectively. MMG Limited also stands out, with the Chalcobamba Phase I project (US $ 130 million).
The third place is occupied by Canada, with a participation of 15.6% of the global amount: First Quantum Minerals Ltd., Candente Copper Corp. and Panoro Minerals Ltd. are the main investors in that country, being in charge of the Haquira projects ( US $ 1,860 million), Cañariaco (US $ 1,560 million) and Cotabambas (US $ 1,486 million), respectively. They are joined by Bear Creek Mining Corporation, with Corani (US $ 579 million).
Minem: other mining investments in Peru
The United States concentrates an investment of US $ 7,050 million, which is equivalent to 13.3% of global portfolio investment. Newmont Goldcorp Corp., with the Conga (US $ 4.8 billion) and Yanacocha Sulfuros (US $ 2,250) projects, is the main investor in that country.
The Mexican investments correspond to Grupo México SAB de CV, parent company of Southern Peru Copper Corporation, and total US $ 6,500 million, corresponding to the Los Chancas (US $ 2,600 million), Michiquillay (US $ 2,500 million) and Tía María ( US $ 1.4 billion).
Australian investments have a 5.5% share of global investment with US $ 2.9 billion and one project in the portfolio, belonging to Strike Resources Limited. On the other hand, Brazilian investments represent 3.8% of the total investment, with US $ 2,035 million distributed in five projects.
Finally, investments from Japan, Switzerland and South Korea represent 3.8% of total investments and together add up to US $ 1,997 million, with one project for each country.
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