Chinese companies make up one-third of Peru’s mining investment portfolio
Some US$19.1 billion have been invested by Chinese companies in Peru’s mining sites; this way China proves to become the country with the largest foreign investment in mining over the national territory, the Ministry of Energy and Mines (MEM) indicated.
China will be the country with the highest mining investment in Peru, accounting for 34.02% of the total portfolio of projects in the sector.
Las Bambas (Apurimac) is a flagship project in which China will invest US$10 billion.
Other projects include Pampa de Pongo (Arequipa), Galeno (Cajamarca), Don Javier (Arequipa) and Rio Blanco (Piura), as well as expansion works at Toromocho (Junin) and Marcona (Ica).
On the other hand, the country injecting the second largest mining investment —US$10.1 billion, or 17.97% of the total portfolio— in Peru is the United States, followed by Canada with US$8.3 billion (14.81% of the total portfolio).
Other countries in the list are England with US$4.3 billon (7.62%), Mexico with US$4.16 billion (7.37%), Australia with US$3.13 billion (5.56%), Brazil with US$2.22 billion (3.94%) and Japan with US$490 million (0.87%).