Skip to content
Subscriber Only

Peru's Mining Investment Boom Leaves Political Woes Behind

  • Spending seen reaching $21 billion in three years: Minister
  • Anglo American, Minsur recently approved start of projects
A drilling machine moves copper concentrate at a copper smelter facility in Ilo, Peru.
Photographer: Dado Galdieri/Bloomberg
Updated on

Peru’s ability to post eight consecutive months of investment growth is calming fears that political woes would derail mining activity in the world’s second-largest producer of copper, zinc and silver.

Mining investment in Peru jumped 6.3 percent in August compared with last year, to $395 million, according to the latest report by the- Energy and Mines Ministry. Investment in development and preparation, the first stages in building a mine, reached $63 million, the highest in more than four years.