Peru: Mining investments exceeded 2.2 billion dollars in 2009

Investments in mining were more than 2.2 billion dollars this year, 30% more than those in 2008, in spite of the international crisis, informed the Ministry of Energy and Mining.

"The perspectives for 2010 are even better, therefore, there will be an increase in the investments for this sector,” said Fernando Gala, vice minister of Mining.

He stated that some companies have the intention of presenting beforehand their Studies on the Environmental Impact. This also means that they want to begin their investments right now when the setting is favorable as the crisis is over and there is access to credit.

“The interest rates for any financial loan destined for investments in Peru will be lower because our country has been qualified by Moody’s with the investment grade and this will definitely benefit investments,” he mentioned.