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LatinNews Regional Monitor: Andean Group - 04 October 2019
In brief: Peru mining investment up 26.3% in first eight months
* Peru’s energy & mining ministry (Minem) has said that mining investment carried out between January and August 2019 totalled US$3.56bn – up 26.3% on the same period in 2018. This is 59.3% of the US$6bn goal of mining investment that Minem hopes to capture this year. Three companies accounted for 40.2% of the total: Anglo American Quellaveco SA, the local subsidiary of the United Kingdom-headquartered multinational Anglo American (Quellaveco Mine), US$705m; local company Marcobre SAC (Mina Justa) Marcobre, US$489m; and Chinese state-owned metals company Minera Chinalco Perú (Toromocho), US$234m.
