Of Peru’s 46 mining projects, 13 were scheduled to start before 2025, for a total investment of $ 11.7 billion.

The Minister of Energy and Mines, Jaime Gálvez, said at a webinar that six projects do not face major obstacles. “So it’s a pretty safe portfolio with lots of options for realizing.”

BNamericas provides an overview of the six mines.


The $ 490 million open pit copper project in the Ancash region, 450 km northwest of Lima is in the feasibility phase and operated by the Brazilian mining and metallurgy group Nexa Resources.

Construction should begin in 2022 and be completed in 2025.

Dry river

The investment for the copper plant is estimated at $ 350 million. The project, already mein the feasibility phase, is located in the Lima region and is operated by Procesadora Industrial Río Seco, a unit of the Peruvian miner Buenaventura.

Construction should begin in 2022 and end in 2024.


The open pit and underground copper-gold project will require an investment of $ 1.26 billion.

It is operated by Minera Zafranal, a joint venture between the Canadian company Teck Resources, which has an 80% interest, and Mitsubishi Materials.

The project is located in Arequipa and is in the feasibility phase.

Originally planned for 2023, the company expects construction to start at the end of 2022.

The Victoria pit is expected to start production in May 2025.

The chancas

Located in In the Apurímac region, the open pit copper project was operated for $ 2.6 billion of Southern Copper is in the pre-feasibility phase. Construction should begin in 2024 and be completed in 2027.


Also in Apurímac, the open pit copper project costing US $ 973 million, operated by El Molle Verde, is in the preparatory phase. Work is scheduled to begin in 2024 and be completed in 2026.


Southern Copper’s open pit copper project valued at $ 2.5 billion in Cajamarca is in the preparatory phase, while construction should last from 2025 to 2028.