Jennifer's avatar
$25.9m follower assets
Peru 2023: A Year of Growth - Including Camino Corp.
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The Peruvian Ministry of Energy and Mines (Minem) announced that 2023 will see the development of 74 mining projects across 17 departments for a total investment of $596 million.

“Exploration is fundamental for the development of the mining industry. It constitutes the first step of Peru’s most important economic activity as it allows the discovery of new deposits, as well as the extension of the life of operating mines, all of which generates resources for the benefit of the country,” the ministry said in a media statement.

According to the government agency, 30 of the 74 projects have recently become operative or are about to reach that phase as they already have all the required permits. These projects represent an investment of $134 million or 22.5% of the 2023 portfolio of mining exploration projects.

Meanwhile, 17 projects, accounting for $136 million or 22.7% of the portfolio, are in the evaluation stage for exploration authorization.

Finally, the communiqué notes that the remaining 27 projects, which represent $327 million in investments or 54.8% of the total, are undergoing evaluations of their environmental impact assessments.

Most of the projects, or 39 of them, focus on copper mining and represent an investment of $284 million. The red metal is followed by gold, with 18 projects and an investment of $220 million. Zinc occupies the third spot with nine projects accounting for $47 million in investments, while eight silver and lithium joint projects are expected to deliver $46 million in investments.

See my write-up on Camino Corp. and their Los Chapitos project, listed by BNAmericas as one of 5 key Peru copper exploration projects, link below:

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Los Chapitos is currently being drilled, permit expansions expected in Q2, and Nittetsu of Japan on the ground conducting due diligence to hopefully finalize their agreement by the end of April deadline.

Please DYODD and don't hesitate to ask me any questions!
Todor Kostov's avatar
@jennymanydots Thanks Jen.
Jennifer's avatar
@kostofff You're welcome! Enjoy the rest of your Sunday :)
Todor Kostov's avatar
@jennymanydots Thank you! Have a nice weekend as well :)



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