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Investment in Peru’s Mining Sector Jumps 23 Percent
Mining investment in Peru soared 23 percent in the first quarter to $1.92 billion, creating 211,748 direct jobs, the Energy and Mines Ministry said.
The southern region of Apurimac was No. 1 in attracting investment, with $433 million, or 22.5 percent of the national total.
The Las Bambas copper project, which is being developed in Apurimac, was the main driver of investment in the region.
The central region of Junin was No. 2 in attracting investment, with $286 million, while the southern region of Arequipa was in third place, drawing $224 million in investment.
The biggest investors are Xstrata Las Bambas, with $427 million, representing growth of 104 percent, compared to last year; Chinalco, with $239 million; and Cerro Verde, with $171 million, the ministry said.
Published in Latino Daily News
Source: http://www.hispanicallyspeakingnews.com/latino-daily-news/details/investment-in-perus-mining-sector-jumps-23-percent/24456#When:16:45:16Z
