Sector Performance and Key Investors
According to the August 2025 Mining Statistical Bulletin published by the Ministry of Energy and Mines (MINEM), total mining investments in Peru reached US$ 3.34 billion between January and August 2025—representing a 12.8% increase compared to the same period in 2024. The Southern Peru Copper Corporation led the national ranking with US$ 313 million invested, marking an impressive 62.8% growth year-on-year and accounting for 9.36% of total mining investment. In August alone, Southern executed US$ 70.4 million, more than triple its August 2024 figure, reflecting the company’s robust project pipeline and operational momentum.
Corporate Rankings and Regional Dynamics
Minera Las Bambas ranked second with US$ 285.9 million in accumulated investments, up 18.3% year- on-year, while Antamina followed closely with US$ 285.3 million, despite a 17.9% decline compared to 2024. Together, both companies contributed over 17% of total sector investment, reinforcing their strategic role in sustaining production and export volumes. In fourth place, Cerro Verde invested US$ 251.1 million (+11.3%), followed by Compañía de Minas Buenaventura, which recorded US$ 250.7 million, a 56.5% increase. Collectively, these two southern operators represented 15% of national mining investment, underpinning regional dynamism in Arequipa and Moquegua. Among mid-sized companies, Shougang Hierro Perú stood out with US$ 215.3 million (+62.1%), while Nexa Resources El Porvenir (+80.1%), Zafranal (+261.3%), Marcobre (+69.4%), and Hudbay (+32.0%) showcased strong expansion trajectories across base metals and iron operations.
Outlook and Strategic Significance
The sustained rise in investment demonstrates the resilience and confidence of the Peruvian mining sector amid regulatory uncertainty and global commodity volatility. Major copper producers continue to drive economic growth through reinvestment, expansion, and modernization projects, reaffirming Peru’s position as one of the world’s top mineral exporters. The performance of mid-tier miners signals a broadening base of investment beyond the traditional majors, suggesting a more diversified sectoral recovery. Analysts expect the positive trend to continue into late 2025, supported by project pipelines in critical minerals, copper, and iron, as well as ongoing infrastructure improvements that enhance competitiveness across mining corridors nationwide.