LatinNews Daily - 08 February 2023

In brief: Mining investment in Peru rises in 2022

* Peru’s mining and energy ministry (MINEM) has announced that the country received US$5.36bn in mining investment in 2022, exceeding its US$5.30bn target and marking a 1.9% increase on the 2021 total. The greatest increases in investment were in the categories of development/preparation (+55.9%) and mining exploration (+27.8%). Despite Peru’s ongoing political crisis, which has seen roads blocked and mines targeted by anti-government protesters, MINEM said that mining investment rose by 59.3% in December to exceed US$747m, although this remained 5.7% lower than the same month in 2021.

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