By Ryan Dube
Wall Street Journal
As companies develop new projects expected to boost the country’s mineral output, Peru is expected to see a record inflow of mining investments in 2014, President Ollanta Humala said.
Mr. Humala said in a year-end television interview that mining investments are expected to total $14 billion next year, which would be an annual record.
The mining sector is an important source of private-sector investments in Peru, one of the world’s biggest producers of base and precious metals. In 2012, Peru’s mining investments totaled a record $8.6 billion. Mines and Energy Minister Jorge Merino said recently that mining investments this year will be greater than in 2012.