Plus   Neg

PERU: Mining Investment Up 3.8% From January To August

(Agencia CMA Latam) - Mining investment in Peru between January and August 2017 reached US$ 2.833 billion, a 3.8% increase over the same period of the previous year, said the country's Ministry of Energy and Mines. As a result, mining investment in Peru posted its sixth month of continuous growth.

Almost all mining areas had larger investments, such as equipment (+31.7%), exploration (+31.1%), infrastructure (+30.4%), preparation (+23.1%), equipment plant benefit (+12%) and operations (+6.7%).

Meanwhile, Peru's copper production kept a 4.24% growth pace between January and August 2017 when compared to the same period of 2016, reaching 1,590,182 metric tons. At the same time, the extraction of zinc concentrates reached 946,429 metric tons, an 11.16% growth in the annualized comparison.

by Agencia CMA Latam

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT