Gold Mining at a Pinnacle in Nazca region of Peru.

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 12, 2011 -- Peru’s Ministry of Energy and Mines announced Monday that from January of this year to May 2011, investment in the mining industry has increased 68%, with $2.43 billion invested this year alone.

As quoted in Andina, Henry Luna, Promotion Director of the Ministry stated “This year, the mining sector continues breaking records and for first time we are going to exceed the USD $4 billion registered last year.”

Luna, speaking at an international of local and international mining companies, mentioned that minerals, both metallic and non, comprise 62% of Peru’s total export market. Meanwhile, only 0.78% of Peru is currently being used for mining, while an additional 0.27% of the country is being explored for its potential in mineral resources. Luna believes that mining within Peru can be extended up to 10% of the nation’s territory.

Mining in the Nazca area of Peru has been attracting a lot of foreign investment. With Gold prices and other minerals at record highs, the region is enjoying record success.

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