APURÍMAC, JUNE 23 2021 Minem: Apurímac attracts 18.2% of the total investment in construction projects portfolio 

According to the Vice Minister of Mines, Jorge Luis Montero, the region – located in the Southern Mining Corridor– registers a total of seven projects, of which six are for copper and one for iron; and together they represent an investment of USD 10.243 billion.

“Apurímac captures 18.2% of the total investment in construction projects portfolio. Thus, to date these projects are Hierro Apurímac, Los Chancas, Antilla, Trapiche, Chalcobamba Phase I, Haquira and Cotabambas”, informed the vice minister.

During his presentation at the event "Mining for the development of Apurímac", organized by Heading to PERUMIN, Jorge Luis Montero also revealed that of the total global investment in mineral exploration (which amounts to USD 506 million), 2.5% (USD 12.8 million) is located in Apurímac.

“Regarding the exploration portfolio, there are four projects in Apurímac, and these are San Antonio, Tumipampa Sur and Huacullo, which are for gold; and Santo Domingo for copper," he said.

It should be borne in mind that, according to the Ministry of Energy and Mines (Minem), there are currently two mining units in the exploitation phase in Apurímac: Ferrobamba from Minera Las Bambas and Valeria from Anabi S.A.C.

Data from the southern Macro-Region

In addition, the Vice Minister of Mines highlighted that the South Macro-Region contributes significantly to the production of copper and molybdenum.

“As of March 2021, it obtained a 61.6% and 86.6% share in the national production of copper and molybdenum, respectively. Likewise, the South Macro-Region also represents 31.2% of the national production of silver”, he said.

Mining in Peru

Furthermore, the government official emphasized that Peru continues to be an attractive place for mining investments, despite the pandemic.

"The pending challenge is to strengthen social work in the communities where the activity is carried out and promote a greater participation of small and medium-sized companies in the value chain of the activity", said Jorge Luis Montero in Heading to PERUMIN.

However, he considered that "a more aggressive, clear and purposeful policy in explorations" was urgent.

"In 2022, Quellaveco will be the last mining megaproject to be launched and from 2023 onwards  there will be investment in new projects, but of a smaller size because we are lacking a more aggressive, clear and proactive exploration policy ," said the Deputy Minister of Mines, Jorge Luis Montero during the Heading to PERUMIN conference.

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