LatinNews Regional Monitor: Andean Group - 31 January 2020

* Peru’s ministry of energy & mines (Minem) has announced that investment in mining totalled US$6.157bn in 2019, a 24.5% increase on 2018, exceeding its annual goal of US$6bn. Minem highlighted the completion of two major projects in 2019 - the development of the Quecher Main pit of Yanacocha mine (Cajamarca region) is expected to yield 1m ounces of gold by 2024, while the B2 tailings retreatment plant at Puno region’s San Rafael mine will enable the production of an extra 5000 tonnes of tin per year.

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