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Peru Official Touts US$60 Billion in Mining Investments in Next 10 Years

By: PanAm Post Staff - Mar 5, 2014, 9:40 am

EspañolSpeaking last Tuesday during the inauguration of “Peru Day” at the Prospectors and Developers Association of Canada (PDAC) conference in Toronto, the vice president of Peru, Marisol Espinoza, said the country expects to attract US$60 billion in mining investments over the next 10 years.

She noted that last year total investment in Peru’s mining sector reached $10 billion, highlighting that mining accounts for 5 percent of Peru’s GDP and more than half of its annual foreign exchange income.

Espinoza also noted that Peru meets the agreements of the Extractive Industries Transparency Initiative and prioritizes dialogue between the state, communities, and mining companies.

Source: LaRepublica.pe.