PUBLICATION
Peru Mining 2018 Pre-Release
The start of 2018 has coincided with rising metal prices, increased metal export revenues and solid expectations that a new wave of mining projects will begin construction soon in Peru. So far, the country's political turmoil is not stopping the plans for large greenfield projects like Quellaveco and Marcobre, while there are brownfield expansions on the horizon, for instance at Toromocho. In other words, mining companies have faith in the current cycle and, because they look at the long term, are not so scared by the day-to-day political instability. Indeed, after three years of decline, total mining investment in Peru went up by 15% to reach $4.9 billion (+34% in exploration expenditures), and the government expects a further 20% increase in 2018.
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