Booming Mining Industry in Peru and US: Promising Future with Advanced Technologies

February 13, 2023
5 min read

At Mineprism, we are committed to providing our investors and clients with a comprehensive and up-to-date view of the mining industry. Private reports by firms such as Fitch Solutions and BMI Research indicate a significant increase in mining investment in both Peru and the United States in recent years.

In Peru, Fitch Solutions estimates that a total of $53 billion will be invested in 47 mining projects in the next 12 years, with 39% destined for the pre-feasibility stage. Additionally, close to 39.4% of the total investment is earmarked for open pit, medium, and large mining projects, with a trend towards the exploration and exploitation of large-scale deposits. 72% of the investment is earmarked for copper projects, and 13% for gold projects, demonstrating a solid demand for these valuable metals.

Similarly, BMI Research notes that in the United States, there is a focus on exploring for critical minerals and finding new sources of raw materials, offering significant opportunities for technology and venture capital firms. This trend aligns with the growing demand for raw materials from clean energy technologies such as electric vehicles.

The mining industry provides an excellent opportunity for technology and innovation startups, especially in the field of artificial intelligence (AI) and hardware. These startups can take advantage of the demand for more efficient and sustainable solutions in the mining industry, providing solutions that improve performance, safety and sustainability in mining operations. The application of advanced technologies in the mining industry, such as AI, can significantly improve efficiency and productivity, increasing the profitability and competitiveness of mining projects.

At Mineprism, we are at the forefront of technology and are committed to providing world-class solutions for the mining industry. We make sure to stay abreast of trends and developments in the industry to provide added value to our clients and investors.


"Peru Mining Q3 2021" by Fitch Solutions and "United States Mining Report Q2 2021" by BMI Research