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Feeding the Project Pipeline
Total mining investments in Peru were $7.5 billion in 2015, confirming the downward trend since 2013. This year, the estimate is $5.3 billion, according to Peru's Central Bank. The only large capital project expected this year is the $1.2-billion expansion of Southern Copper's Toquepala operation, to go from 60,000 mt/d to 120,000 mt/d. Certainly the industry will see an enormous increase in copper production thanks to the recent investments, but mining suppliers are already suffering from lower revels of activity regarding projects. This can be explained partly by the importance of underground mining in Peru, where brownfield exploration is constantly necessary to replenish reserves, as well as by Peru's perceived advantages in terms of geology, legal stability and competitive costs for mining development. Nevertheless, over-all expenditures are halt of what was spent in 2012. In Peru there are many underground mines that cannot afford to stop exploring. In general, large and medium sizes mines have continued their activities.
Feeding the Project Pipeline
Total mining investments in Peru were $7.5 billion in 2015, confirming the downward trend since 2013. This year, the estimate is $5.3 billion, according to Peru's Central Bank. The only large capital project expected this year is the $1.2-billion expansion of Southern Copper's Toquepala operation, to go from 60,000 mt/d to 120,000 mt/d. Certainly the industry will see an enormous increase in copper production thanks to the recent investments, but mining suppliers are already suffering from lower revels of activity regarding projects. This can be explained partly by the importance of underground mining in Peru, where brownfield exploration is constantly necessary to replenish reserves, as well as by Peru's perceived advantages in terms of geology, legal stability and competitive costs for mining development. Nevertheless, over-all expenditures are halt of what was spent in 2012. In Peru there are many underground mines that cannot afford to stop exploring. In general, large and medium sizes mines have continued their activities.
Feeding the Project Pipeline
2016
Aufsatz (Zeitschrift)
Englisch
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