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©Reuters. Investment in mining exploration in Peru grew by 40% until August
Lima, Oct 10 (.).- The accumulated investment in mining exploration in Peru totaled 275 million dollars between January and August of this year, which represents an increase of 40.3% compared to the same period of 2021, The Ministry of Energy and Mines reported this Monday.
Through the Mining Statistics Bulletin (BEM), the ministry revealed that the investment in mining exploration executed, only in August, 41 million dollars, which is equivalent to an increase of 8.3% compared to the value reported in July ( 38 million dollars).
In addition, the figure reflects an escalation of 45.6% compared to August of last year (28.8 million dollars).
“This positive behavior in exploration reflects the confidence that investors maintain in the enormous geological potential existing in the national territory, and ratifies Peru as a destination of growing interest for investors and mining companies,” the bulletin states.
According to the ministry, between January and August of this year, the leading companies in mining exploration were the Buenaventura Mining Company, the Powerful Mining Company and Jinzhao Mining Peru.
PRODUCTION FALLS
In that period, however, the accumulated production reported negative results in most metal products, with the exception of tin, which grew by 2.9% compared to the same period in 2021.
Specifically, the production of fell by -0.3%, lead by -4.4%, iron by -0.9%, -0.7%, molybdenum by -1.2%, -9.0% and, to a greater extent, the production of plummeted -13.2%.
Mining investment, for its part, grew by 7.8%, going from 3,101 million euros/3,010 million dollars from January to August 2021 to 3,343 million euros/3,245 million dollars in the first eight months of 2022.
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