Despite Political Instability, Peru Expects Mining Investments to Reach $5.1 Billion

Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)

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Summary

Peru expects mining investments to reach US$5.1 billion by the end of 2025. Metallic mineral exports reached US$35.6 billion by August, spurred by higher prices.

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Investments Up 15.3% Through Third Quarter

Luis Bravo, Peru's new minister of Energy and Mines, said that mining investments through September reached US$3.9 billion, 15.3% more than last year, though expectations are set for US$5.1 billion in mining investments by the end of the year.

Bravo's announcement came two months after the new government was sworn in, following the impeachment and removal of President Dina Boluarte.

According to Bravo, the ministry has approved 200 mining projects worth more than US$6.45 billion. It was not immediately clear if those projects were approved since he took over the ministry in October or earlier.

In 2025, Peru had a mining portfolio of 67 projects worth US$64 billion. Of those, 31 were greenfield projects and 36 were brownfield.

Industrial Info is tracking 618 mining projects in Peru, worth US$50 billion. This includes 280 projects, worth US$35.6 billion, that involve copper. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can learn more from a list of detailed project reports.

From January through September, Peru's copper production reached 2.04 million tons, about 2.7% more than in the previous year. Peru is the world's third-largest copper producer. Gold production was flat for the period at 80.47 million grams.

Peru exported more than US$35.6 billion in mined metals from January through August, 16.2% more than last year, propelled by higher mineral prices. Copper exports accounted for US$16.4 billion, and gold exports for another US$13.4 billion.

"I have had many meetings with many mining companies that not only view the future that is being generated with optimism, but also, thanks to the increase in metal prices, want to work and open new projects in the country," Bravo said in an interview with local TV channel RCR Peru.

Two Months In

President Jose Jeri has been in power for two months, following the removal of Boluarte in October. Since coming to power, Jeri has vowed to lower high crime rates and illegal mining.

Following his takeover, Jeri faced protests from groups who demanded his resignation. He has said that his interim government will remain in place until a new president is elected in April 2026.

Political instability has dominated Peru in the last few years, with seven presidents taking power since 2016. In recent weeks, former President Pedro Castillo was sentenced to 11.5 years in prison over a bid to dissolve Congress in 2022, while former President Martin Vizcarra was sentenced to 14 years in prison for corruption.

Key Takeaways

• Peru expects to see US$5.1 billion in mining investments by the end of the year.
• Peru's mining portfolio includes 67 projects worth US$64 billion.
• Political instability has made Peru a challenging terrain for investments.

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About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).