Peru foresees the start of six mining projects in 2019, with an estimated investment of US $ 3.441 billion

The Ministry of Energy and Mines (MEM) has contemplated the start of six mining projects by 2019, which would imply a committed investment of US $3.441 billion.

The projected works will help maintain the dynamism of the investments that the sector registered during 2018, through the start-up of six projects in their construction phase, which reached US $10.135 billion, according to Gestión.

Although initially nine projects are planned for this year, only San Rafael RelavesB2, Quecher Main, Toromocho, Ariana, Mina Justa and Quellaveco were started.

By 2019, the Santa María Extension, Optimization Lagunas Norte, Corani, Coroccohuayco Integration, Pachapaqui Extension and Tía María are planned. All these projects are in the details or feasibility engineering phase, the Ministry said.

The start of the construction of these projects involves an investment of US $ 3.441 billion, which would contribute together with the investments that will be carried out as of 2018.

By 2020, three projects are expected to begin construction, with an investment of US $5.457 billion. These would be: Yanacocha Sulfuros, Zafranal and Pampa de Pongo.

While in 2021, the start of 6 projects is scheduled: Los Chancas, Anubia, Quicay II, San Gabriel and Pacificos Fusfatos. The planned investment for these works is US $6.412 billion.

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