Global Business Reports


Alfonso Tejerina, Lina Jafari, Julian Issa, Sofia Messina, Ben Cherrington

Peru Mining 2018

September 10, 2018

Despite its faults and recent episodes of corruption and political drama, Peru continues to be perceived as a favorite destination for mining investors. This is proven by the renewed dynamism of its exploration market and by the recent investment announcements. In July, Anglo American made official its decision to build the US$5.3 billion Quellaveco copper mine, while in August Minsur started pre-stripping activities at the US$1.7 billion Mina Justa copper operation. These developments add to the ongoing expansion at Chinalco’s Toromocho operation. Increased mining investment in the country is expected to translate into stronger GDP growth, now forecast at 4% for 2018 according to Peru’s Central Reserve Bank.


Tembo Power is developing hydropower projects across Africa with a focus on DRC.
After cementing its position as a logistics industry leader in the DRC for over six decades, Comexas Afrique is launching into a new phase of existence and undergoing a rebrand, which will introduce the world to a new name, ConnexAfrica.
Buenaventura outlines progress at its diverse portfolio of Peruvian assets.
Mining Plus, which provides technical services around the world, is growing its South American presence.


GBR speaks to Leopold Mboli Fatran, Minister of Mines and Geology of Central African Republic concerning the challenges of developing the country’s resource industries.