From January to August of this year, mining companies operating in Peru spent a total of US$ 134.9 million in exploration. This was published by the Ministry of Energy and Mines in its mining statistics bulletin updated as of the eighth month of 2020.

The Ministry also stated that in August alone, investment in this activity was US$ 13.3 million, 55.9% less than the same month last year.

The companies

Regarding the ranking of companies, MINEM stated that, from January to August of this year, Compañía Minera Poderosa remained in first place with an investment of US$ 23 million, representing 16.9% of the total (US$ 134.9 million).

The second place was held by Compañía de Minas Buenaventura with an accumulated investment of US$ 11.1 million, representing 8.2%, followed by Minera Barrick Misquichilca with US$ 9.1 million and a 6.8% share.

“These three companies together represented 31.9% of the total investment in mining exploration”, reported MINEM.

In fourth and fifth place were Consorcio Minero Horizonte and Nexa Resources Peru, which invested US$ 8.3 million and US$ 5.5 million, respectively.