The Ministry of Energy and Mines (Minem) reported that in November 2020, investments amounted to US$ 384 million, showing a slight recovery of 0.7% with respect to the previous month; however, a year-on-year contraction of 38.3% was registered with respect to November 2019.

In its mining statistics bulletin, Minem also stated that from January to November 2020, mining investments amounted to US$ 3,667 million, an amount that is 31.1% lower than that recorded for the same period in 2019, when investments amounted to US$ 5,325 million.

In terms of companies, in the period from January to November, Anglo American Quellaveco maintained its first position with a 32.0% share, in addition to being leader in four of the six investment areas.

On the other hand, Marcobre ranked second with 12.0%, while Minera Chinalco Peru remained third with 6.9%.

By category

Regarding categories, Minem detailed that in November 2020, Mining Equipment, Development and Preparation, Exploration and Others reported positive month-to-month variations.

"Thus, regarding investment in Mining Equipment, in November 2020, it registered the second consecutive month of growth with an executed investment of US$ 46 million, which translated into an increase of 10.8% with respect to the previous month.

In the Development and Preparation category, US$ 44 million was invested in November 2020, an increase of 7.1% over the previous month. Thus, the amount executed in the aforementioned item continues to increase for the sixth consecutive month.

Investment in Exploration amounted to US$ 21 million in November, a month-on-month increase of 0.6%. As for the accumulated value of investments in exploration as of November, it amounted to US$ 194 million, showing a 39.3% drop with respect to the same period of the previous year. It is worth noting that the figure obtained in November is the highest amount of investment in exploration registered since March 2020.