Maquinaria Lorenzana S.A.

Investment in the mining sector in Peru would reach the US$ 8.000 million in 2013 and would increase to US$ 10.000 million by 2014, said the President of the national society of mining, oil and energy (SNMPE), Eva Arias de Sologuren.

She remarked that Peru has a very interesting opportunity with the fortresses shown in various fields to attract private investment.

In addition to the projects under construction and those to come into operation, there is a lot of investment in mining companies, I believe that we must be between US$ 7.000 and US$ 8.000 million by 2013, told to Andina Agency.

She referred that only investment in the Toromocho project, located in the Junín region and that will come into production, represents an investment of about US$ 5.000 million, and by 2014, could reach the US$ 10.000 million.

“But we have to wait and see what happens in the international context, which will be more clear in October, because it is in the last quarter, when it will really get to know what is still remaining from all that was scheduled for 2014”, she said.

She said that the mining project Las Bambas, in the Apurimac region, was expected to come into operation late 2014 or early 2015, with an investment of about US$ 5.000 million.

We have a macroeconomic growth cycle, we have social, legal and political stability, we need to minimize the unrest, but with these three variables, we are a country that is going to have the strength to offset any arising difficulty, she stressed.

In that way, she said that there are Chinese and Spanish investors who are interested in entering into the mining sector of the country, and into other productive sectors, with lots of experience who can provide expertise and capital.

“In the international context for foreign capitals, to find a country with the growth and stability of Peru, is a gem, if all those capitals have an investment opportunity, they will clearly come”, She added.

To do so, she stressed the need to build more infrastructures that favours a better connectivity to the interior of the country, not to facilitate investment only in mining, but in other industrial sectors.

She said that from the 100% of the national territory, after discounting protected areas, nature reserves, archaeological sites and urban areas, a 30% of the national territory remains for mining.

“Explorations and ongoing mining operations do not reach the 2 of the total national territory, we have about 28 to explore and to discover” she said.