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Wednesday, August 7, 2013

Chile investment in mining expected to reach 112 billion in eight years

Investment in Peru’s mining sector is currently between 7 and 8bn and will increase to 10bn in 2014, according to the president of the Peruvian Society of Mining, Oil and Energy (SNMPE), Eva Arias of Sologuren.
Scotiabank Peru predicts an investment of 9.4 billion for this year, and anticipates that ‘in the next three years investments would be lower’ because “there are no new projects”. Environmental challenges and growing activism from indigenous peoples in mining areas have several major projects frozen and triggered a ‘pause’ in investing.
http://en.mercopress.com/2013/08/07/chile-investment-in-mining-expected-to-reach-112-billion-in-eight-years

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