LatinNews Daily - 06 November 2020

* Peru’s deputy minister for mining, Jaime Gálvez, has announced that investment in the country’s mining sector totalled US$322m in September, up 7% on the figure for August. The sector was hit hard by the paralysation of Peru’s economy as a result of the coronavirus (Covid-19) pandemic, but Gálvez voiced optimism that total annual investment will reach US$4.8bn by the end of the year, and that mining can be a key driver of Peru’s economic recovery more broadly. With a total of US$2.9bn in investment recorded in the first nine months of the year, this target requires an additional US$1.9bn to arrive in the final three months – a substantial task, given that even before the pandemic, no month this year has seen investment in excess of US$400m.

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