Last August, the Geological, Mining and Metallurgic Institute (Ingemmet) granted a total of 297 concession titles at a national level; accumulating a total of 984, without considering the months of April, May and June.

The first company was Compañía Minera Poderosa, which spent US$ 27.5 million, or 15.9% of the total investment. It was followed by Compañía de Minas Buenaventura with an investment of US$ 17.9 million (10.4%); and Consorcio Minero Horizonte that allocated US$ 11.1 million, an amount that represented 6.4% of the total investment in this activity.

Likewise, the ranking of the first five places was completed with Minera Barrick Misquichilca and Nexa Resources with investments of US$ 10.6 million and US$ 7.3 million, respectively.

Positive results

In October, investment in mining exploration amounted to US$ 21 million, reflecting a 24.3% month-on-month increase and the second consecutive month of growth..