The Ministry of Energy and Mines (Minem) reported that the investment in mining exploration accumulated as of April this year amounts to US$111 million, an amount 28.5% higher than the similar period in 2021, when it totaled US$86 million.
He said that, due to its enormous mining potential, Peru maintains its attractiveness as one of the best destinations for mining investments.
Through the Mining Statistical Bulletin (BEM), it is highlighted that exploration is a fundamental stage of mining activity, since it supports production through the discovery of new deposits, and allows the renewal of future mineral resources and reserves in the market.
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Investment of mining companies
Along these lines, the explorations accumulated from January to April of this year are the result of a greater investment by the Compañía de Minas Buenaventura (US$ 19.4 million), which represented 17.6% of the total.
While Minera Poderosa (US$11 million) and Jinzhao Mining Peru (US$9.7 million) registered 10.0% and 8.7%, respectively.
The BEM also states that investments in exploration executed in April alone were US$37 million, which means a month-on-month increase of 26.8% (US$29 million).
In addition, it reflects an increase of 59.3% compared to what was reported in April 2021 (US$ 23 million), as a result of the investments of Jinzhao Mining Peru, Compañía de Minas Buenaventura and Compañía Minera Poderosa.
