(Kitco News) – According to the Ministry of Energy and Mines of Peru (MINEM), in December 2021, investment in mining projects in Peru totaled US$788 million, which is a significant increase of 65.8% compared to the previous month (US$ 475 million) and an increase of 18.7% compared to the same month in 2020 (US$ 664 million).
MINEM said that investment in domestic mining projects in 2021 amounted to US$ 5,238 million, which is an increase of 21.1% compared to the prior year (US$ 4,325 million).
Among largest mining investment projects in Peru in 2021, Anglo American’s Quellaveco copper project maintained the first position with the total investment of US$ 1,312 million in 2021, representing 25.0% of the total investment in mining projects in Peru.
Quellaveco is one of the largest copper reserves in Peru and in the world, having estimated reserves of 1.1 billion tonnes of ore grading 0.55% copper.
MINEM added that Antamina ($481 million) and Toquepala (US$ 339 million) were second and third largest mining investment projects in Peru in 2021, respectively.
MINEM noted that the three largest mining investment projects in Peru represented 40.7% of the total investment in domestic mining projects in 2021.
The complete list of the top 10 largest mining investment projects in Peru is on the chart.
