📋 Tender Overview
Increase of 26% between May and April, contributes to the accumulated investment in the fifth month exceeding US$ 1,734 millionIn May 2024, mining investments registered a figure greater than US$ 412 million, with a month-on-month increase of 26% between May and April, reaching the highest investment figure executed so far in 2024, reported the Ministry of Energy and Mines (MINEM)
According to the Mining Statistical Bulletin (BEM) of the MINEM, the investment figure achieved represents an increase of 19.6% compared to what was reported in May 2023, and the positive variation is recorded in 5 of the 6 items studied, highlighting mainly those of Mining Equipment and Exploration.
In this way, adding the result for May to what was obtained in the previous months, the accumulated investment as of the fifth month of 2024 exceeds US$ 1,734 million, evidencing a positive variation of 13.3% when compared to the similar period of the previous year.
At the level of mining owners, those that registered the highest investment in the fifth month of 2024 were Compania Minera Antamina, with a participation of 11.5%; Anglo American Quellaveco S.A., with 10.6%; Sociedad Minera Cerro Verde, with 7.28% participation; and Minera Las Bambas S.A., with 7.27% of the total.
These four mining owners mentioned together concentrated 36.6% of the mining investment executed nationwide.
The Mining Equipment category registered an increase of 122.1% compared to May 2023, mainly due to the greater investment in the Yanacancha 1 units and Huincush (Antamina) benefit plant, Cerro Verde 1,2,3 (Cerro Verde), and Cuajone Accumulation and Toquepala 1 Accumulation (Southern Peru Copper Corporation).
Regarding the investment executed in the Exploration category, it presented a growth of 23.4% compared to what was reported in May of the previous year due to higher investment disbursements in the Encanada 3 and Encanada 13 concessions (Southern Peru), CMZ 3 and CMZ 4 (Minera Zafranal); Cerro Lindo and Monica Lourdes (Nexa Resources Peru).
The document, prepared by the Directorate of Mining Promotion and Sustainability of the MINEM, indicates that, with regard to the investment executed at the department level as of May 2024, Moquegua remained in first place with 17.3% participation , for the mining project under construction San Gabriel and the Administrative Economic Unit Mina Quellaveco.
Meanwhile, Ancash maintained the second position, concentrating 12.7%, driven by the greater investment carried out by Compania Minera Antamina S.A.; and Arequipa rose to third place with 10.6%, a department in which Sociedad Minera Cerro Verde stood out.
