Copper and zinc boost in Peru

Peru’s Mines and Energy Ministry expects mining investments in the country to continue increasing through 2014.

Published: 7 November 2013

The world’s third-largest producer of copper and zinc was forecast to boost its metals export revenue by 20 percent to 30 billion US dollars in 2013, and earlier this year the government projected investments for 2013 and 2014 to total 19.5 billion dollars as companies develop new mines or increase output through expansion projects.

Deputy Mining Minister Guillermo Shinno expects investment in new mines to more than double Peru’s annual copper output from 1.3 million tonnes in 2012 to 2.8 million tonnes by 2016.