The country attracted far more mining investment in 2010 than in 2009 (US$2.82 billion), 2008 (US$ 1.7billion) and 2007 (US$ 1.24billion).

MEM Mining Promotion Director Henry Luna highlighted that only one percent of the country's territory is used for mining exploration, operation and related purposes though.

Luna said mining is an ancient activity tied to our history as tar, oil and gas extraction, which began in the 19th century in northern Peru.

“Nowadays, our country possesses a modern, extremely strict legal framework and, if a concession is required, miner holders are aimed at contributing to local sustainable development and boosting environmental and social management,” he stated.