Mining investments in Peru decline in Jan-Sept

Mining investments in Peru decline in Jan-Sept

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Mining investments in Peru in the accumulated period of January to September this year fell 28.9 percent, year-over-year, said the ministry of mines and energy, Minem.

According to Minem’s data, mining investments in the nine-month period reached $2.8 billion, down from $4.07 billion in the same period of the year prior.

Investments in the period declined at most sectors, including mining equipment, whose investments fell 19.3 percent, year-over-year, exploration, with a 40.9 percent year-over-year decline, among others.

Investments in beneficiation plants rose 9.2 percent, year-over-year, in the period. It was the only area to report increased investments in mining in the period.

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