The Chinese company Andes Natural Resources Group has to pay $19.6 million on top of its $400,000 past deposit, in order to finalise the purchase of the Cobriza mine, currently owned by Doe Run Perú. Almost 700 workers and their families who heavily rely on the functioning of this mine will benefit from this sale.
Thanks to a 287,000 soles ($77,150) government investment and a 71,000 soles ($19,000) association investment in the programme Agroideas, producers from Arequipa managed to increase their avocado production by 500%, going from 50 to 250 tons of annual harvest. This project benefitted 36 households in the region that struggled in light of the pandemic restrictions.
Exports of clothes from Peru amounted to $467 million in the second half of 2020, representing a 72% increase from the first half of the year. The most exported clothing products were cotton t-shirts, gathering $148 million. The main destination for Peruvian exports was the US, responsible for almost 69% of all exports and $102 million, followed by Brazil and Canada.
Peruvian exports amounted $39.3 billion at the end of 2020, with the mining and energy sector representing $25 billion and the non-traditional sector responsible for $15.17 billion. A total of 7,519 companies exported 4,536 goods to 174 different markets around the world but concentrated towards the US, the EU, China, Canada, South Korea, Switzerland, India and Chile.
Venture Capital investments in Peru more than doubled in 2020, in comparison to 2019, amounting to $46 million. The second half of 2020 brought investments worth $36 million and mainly targeting Edtech, e-commerce and FinTech businesses.