May 20, 2012

Peru to boost gold mining investment, says minister

One of the world’s biggest gold producers, Peru, is to increase investment in its mining industry by more than seven per cent this year as the country emerges from the economic downturn, the country’s energy and mines minister has claimed.
Speaking to Reuters at the Prospectors and Developers Association of Canada (PDAC) convention in Toronto, Pedro Sanchez said funding for mining operations is expected to top $3 billion (£2 billion) in 2010.
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