China Looks to Invest $10 Billion in Peru Over 3 Years

(Energy Analytics Institute, Piero Stewart, 1.Jun.2018) — China plans investments of $10 billion across various sectors in Peru over the next three years.

The Asian giant is planning to focus investments on sectors including energy, mines, telecommunications, construction and finance, reported the daily newspaper El Comercio, citing China’s Ambassador to Peru Jia Guide.

Work at Peru’s largest copper mine is at the forefront of China’s planned investments.

Expansion of the Toromocho copper mine located in Junín, which is controlled by Chinalco, will require an estimated investment of $1.355 billion. Plans for the mine include boosting production to 170,000 metric tons per day from 117,000, with an additional personal of some 3,500, announced Guide.
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