Mining investment in Peru, the world’s No. 2 copper and zinc producer, is expected to grow 9% this year when compared to 2016, marking the end of a three-year decline than began in 2014, a report from Scotiabank shows.
Originally, the bank had predicted investments in the sector to drop for a fourth straight year in 2017, but the country’s government has taken steps to simplify the current permitting process to attract $10 billion worth of new projects in 2018, or so it hopes.
The figure, Peru’s Mining Ministry (MEM) says, could be even higher as close to a dozen projects are expected to get the green light next year.
Here are some of the most important ones: