Engineering & Mining Journal

AUG 2018

Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr

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Page 70 of 107 E&MJ • AUGUST 2018 69 MINING IN PERU Juniors Gain Momentum Peru offers enormous potential for both exploration and small-scale production Following the recovery of metal prices in 2017, financing for junior exploration companies has increased and with that, has exploration in general. In Peru, one of the Ministry's key objectives for 2018 is to promote new investment in exploration and increase Peru's share of the global exploration budget from 6% to 8% by 2021. A key ob- servation from the number of junior exploration companies in Peru is the vast geographical scope they are active in. Spanning all corners, from the tip of Peru near Lake Titicaca, to near Huaraz in the An- dean mountains, and the Sechura desert near the Ecuadorian border, exploration companies are seizing the opportunity to explore Peru's untapped mineral richness. Copper As Peru continues to cement itself as the second largest producer of copper in the world, a number of exploration projects gather pace across the country. Regulus Resources continues to focus on its AntaKori copper project in Cajamarca, northern Peru, located immediately next to the Tantahuatay gold-silver mine owned by Both mining companies and juniors have increased their exploration activities. Photo courtesy of Nexa Resources.

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