BUENOS AIRES (miningweekly.com) – Investment in mining and energy in Peru will reach $47,6-billion between 2010 and 2020, president of the National Mining, Oil and Energy Association (SNMPE) Hans Flury was reported as saying.

He expects mining projects during this period to generate $35-billion, news agency Andina said.

Copper production in Peru is expected to increase by 253%, zinc output by 19% and gold production is seen rising 20% by 2010, Flury said.

The largest investments will be in copper projects, including for the Las Bambas, Las Chancas, Tía María, Antapaccay, Michiquillay, La Granja and Toromocho projects.

Flury expects investment in hydrocarbon exploration and development in Peru will be $8,3-billion over the next ten years, Andina said.

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