Mining investments in May 2022 totaled US$443 million, which represented an advance of 7.7% compared to what was registered the previous month (US$412 million) and an increase of 14.0% compared to to what was registered in the same month of 2021 when US$ 389 million was achieved, according to the latest Mining Statistical Bulletin of the Ministry of Energy and Mines (Minem).
Thus, adding the result of May to what was achieved in the previous months of 2022, the accumulated mining investment as of the fifth month of the year was US$ 1,887 million. This result represented an increase of 12.0% compared to what was registered in the same period of 2021 (US$ 1,685 million).
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According to the Minem, four of the six investment items reported positive year-on-year variations in their executed amounts. Thus, Mining Equipment advanced 45.1%, Exploration (+60.5%), Infrastructure (+32.2%) and Development and Preparation (+41.1%).
Regarding mining title holders, Anglo American Quellaveco SA with US$ 519 million continued in first place with a 27.5% share, driven by the investment made in its “Quellaveco” project. For its part, Compañía Minera Antamina SA (US$128 million) retained second place with 6.8%, followed by Minsur SA (US$121 million) which rose to third place, with a 6.4% share. The three together accumulated 40.7% of the mining investment executed at the national level.
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