Peru’s mining sector registered a solid rebound in the first half of 2025, with total investments reaching US$ 2.3 billion between January and June, according to the latest Mining Bulletin from the Ministry of Energy and Mines. This represented a 7.2% increase compared with the same period in 2024, highlighting renewed momentum across both large-scale copper producers and medium-sized mining firms. In total, 50 companies made investment commitments, led by Southern Peru Copper Corporation, Antamina, and Las Bambas, which together injected over US$ 600 million into projects.
The investment ranking illustrates the sector’s high concentration among top copper and gold producers, but it also reveals notable growth among medium-sized companies. Firms such as Minsur, La Arena, Raura, and El Brocal posted investment increases of more than 100%, underscoring their growing role in diversifying the sector’s base and contributing to overall expansion. Established players like Cerro Verde, Shougang Hierro Perú, and Chinalco also maintained strong spending, while Buenaventura recorded an exceptional increase of more than 225% compared with 2024, reflecting renewed confidence in project pipelines.
At the same time, the data highlights differentiated trends within the sector. For example, while Southern Peru and Las Bambas expanded their investments by over 50%, Antamina and Anglo American Quellaveco registered declines, reflecting shifting project cycles and strategic priorities. Nonetheless, the collective investment signals continued confidence in Peru as a mining destination, even amid social, regulatory, and price volatility. The combination of heavyweights consolidating their dominance and mid-tier miners stepping up their capital commitments points to a more dynamic and competitive landscape that will shape the sector’s contribution to Peru’s economy in the coming years.