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Economy & Business - October 2020

PERU: Mining sector at the heart of economic revival efforts

Peru’s energy & mines ministry (Minem) offered further details in September on four high-profile mining projects, worth a total of US$8.4bn, that are due to provide a boost to the country’s economy in the coming years. Deputy minister for mining, Jaime Gáldez, voiced optimism that the mining sector can be the driving force behind the recovery of Peru’s economy, explaining that these projects will help to create employment; to provide a boost to other, related sectors (such as the manufacturers of machinery used in mining); and to allow the country to take advantage of relatively high metal prices.

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