Mining investment in Peru could reach $53bn this decade, says mines minister

Peruvian energy and mines minister Jorge Merino Tafur showcased Peru's projects in energy and mining to potential Arab investors last week, in an attempt to attract up to $73 billion to the country this decade.

Peruvian energy and mines minister Jorge Merino Tafur showcased Peru’s projects in energy and mining to potential Arab investors last week, in an attempt to attract up to $73 billion to the country this decade. 

“Mining investments could reach $53 billion, with more than $28 billion in gold and copper projects,” Tafur said, speaking at the Ceo Summit of South American and Arab Countries, held in Lima on October 1-2.

“Investments in the Peruvian mining and energy field for 2011-2020 could surpass $73.2 billion — double the sums registered [in the decade] up to 2010, when Peru registered investments of up to $39.4 billion,” said Tafur.

Carolina Guerra
cguerra@metalbulletin.com
Twitter: #!/cguerra_mb

What to read next
Uncover the implications of the Rio Tinto-Glencore discussions for worldwide mining operations and commodity markets.
Understand how Rio Tinto's potential acquisition of Glencore could signal a shift in large-scale mining economics and strategy.
Fastmarkets erroneously published the twice-monthly assessments for MB-AL-0339 Aluminium primary foundry alloy silicon 7 ingot premium, ddp Germany and MB-AL-0340 Aluminium primary foundry alloy silicon 7 ingot premium, ddp Eastern Europe on December 19 and January 2 because of a procedural error.
Major trading houses Mercuria and Glencore secured copper concentrate offtake agreements totaling at least $450 million in prepayment financing in late December, with Mercuria signing for 195,000 wet metric tonnes from Bulgaria’s Ellatzite mine on December 30 and Orion Minerals providing an update on December 31 on its $200-250 million Glencore financing and offtake deal for South Africa’s Prieska project.
Fastmarkets is inviting feedback from the industry on its pricing methodology and product specifications for non-ferrous materials and industrial minerals, as part of its announced annual methodology review process.
Explore the challenges facing the global copper smelting industry in 2026, including supply-demand imbalances and market uncertainties.