LIMA, June 19 (NNN-ANDINA) — The accumulated mining investment registered in Peru between January and April 2024 totaled US$1.322 billion, an 11.5% increase over the same period in 2023, which consolidates mining sector’s importance in Peru’s growth, the Ministry of Energy and Mines (Minem) reported.
The figures contained in the Mining Statistical Bulletin (BEM) —prepared by Minem’s General Directorate for Mining Promotion and Sustainability— indicate that projects by Anglo American Quellaveco, Antamina, Las Bambas, and Chinalco Perú jointly account for 37.5% of investment at the national level.
Regarding Mining Equipment Investment, US$238 million was reported in the first four months of 2024 —a positive variation (+33.4%) compared to the same period in 2023.
In the Exploration category, the accumulated investment from January to April 2024 amounted to US$146 million —a positive 21.9% variation over the same period in 2023 (US$120 million).
Investment in Others (construction of dams, resettlement, intangibles, land acquisition, among others) amounted to US$168 million between January and April —a 100% growth compared to the figure declared in the same period last year.
In the Beneficiary Plant category, investments worth US$71 million were recorded in April 2024, a month-on-month improvement (+5%) in relation to March 2024.
In the Infrastructure category, the accumulated investment during the analyzed period reached US$284 million.
Lastly, investment at the regional level kept Moquegua in first place (US$232 million), accounting for 17.6% of the total. It was followed by Ancash (US$154 million) and Junin (US$142 million); together, they represent 40% of the total investment executed at the national level.
Meanwhile, Minem also reported that during the fourth month of 2024, national production of metals, such as gold, silver, iron, tin, and molybdenum, experienced improvements compared to the same month in 2023.
On the other hand, the production of copper, zinc, and lead decreased slightly compared to the amounts registered in April 2023, according to figures from Minem’s Mining Statistical Bulletin (BEM).
Between January and April 2024, an expansion in the production of nearly all main metals was recorded over the same accumulated period of the previous year, including copper, gold, silver, lead, iron, tin, and molybdenum.
In this regard, the accumulated copper production as of 2024’s fourth month amounted to 845,044 FMT, a slight 0.4% rise compared to the same period of the past year (841,723 FMT).
Gold production reached an 11.2% increase in April compared to the same month of the previous year; meanwhile, its accumulated production as of April 2024 saw an interannual 19.4% increase over the same period in 2023.
Regarding silver, it reported a 3.2% rise compared to the same month last year. Its accumulated production at the end of the fourth month experienced a 7.7% increase over the amount recorded in the similar period of 2023.
Last April, iron production increased 8.4% over the same month in 2023. It accumulated a 6.6% growth thru April compared to the similar period the previous year.
Tin experienced a 13.8% increase compared to April 2023, while the cumulative figure showed a positive variation of 140.5% over January-April last year.
In April 2024, national molybdenum production registered a 37.4% expansion compared to April 2023.
On the other hand, zinc and lead experienced slight contractions in their production. — NNN-ANDINA
