At the end of 2021, the mining investment carried out would reach US $ 5 billion. While in the 2022-2025 period the construction of at least 11 mining projects is expected, which together add up to an investment of US $ 11,753 million, according to the Vice Minister of Mines, Jorge Chávez Cresta.
During his participation in the 16th international conference “Attraction of Investments for the Growth and Development Agenda”, the official pointed out that the government and the Ministry of Energy and Mines (Minem) have been deploying efforts and initiatives to build a favorable, sustainable and attractive to sustainable mining investments and the development of the 43 projects in the portfolio.
Chávez Cresta also indicated that the national mining activity has shown its resilience in the face of the impact of the coronavirus pandemic with a solid recovery reflected in positive results in production and exports, as well as historical levels in employment and transfers.
“This year, in September, the metal mining GDP has grown 15% compared to 2020, as a result of the positive performance and the measures taken in the implementation of the fight against COVID-19. In addition, the projects of Mina Justa, in Ica, and Phase I of Toromocho expansion, which has generated greater copper production that contributes to this economic growth. For 2021, at the end of this year, it is estimated that the metal mining GDP will grow by 10.8%, according to the BCRP ”, he said.
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