Peru: Gold, copper projects lead this year’s mining exploration portfolio

By marzo 22, 2022abril 26th, 2022Sin categorizar

The Ministry of Energy and Mines (Minem) on Tuesday reported that, according to the 2022 Portfolio of Mining Exploration Projects, there are 23 gold projects nationwide —thus ranking first in the portfolio— which together add up to an investment of US$254 million and account for 43.4% of the nationwide exploration budget.

Minem states that exploration is essential for the development of mining. Therefore, it is the first link in the most important economic activity in Peru, making it possible to find new deposits and to extend the useful life of the mines that are currently in operation, which expands the attraction of domestic and foreign investment in favor of the country.

It should be noted that copper is the main metal exported by Peru and one of the largest revenue generators for the national exchequer.

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Date: Marzo 22, 2022