Five major copper mines, with an estimated investment of $13 billion, are expected to begin production in Peru before 2016, upping the country’s output of the red metal from 1.3 million tonnes last year to 2.8 million tonnes.
Peru’s steady growth in recent years has been largely driven by mineral production. Last year the country injected $9.7 billion to the local economy coming from mining, jumping 14% when compared to 2012.