Atlantic Pacific Mining’s report went on to say that investment was likely to come in above $3bn in 2012, compared with about $2.76bn last year; this was also backed up by a similar report on Reuters.
Atlantic Pacific Mining’s sector was hugely affected by the global economic crisis as demand dropped for many of the metals it produces, while investment in the mining sector also fell by 1%, roughly in line with gross domestic product over the past 2 years but the tide changed towards the end of 2011.
Atlantic Pacific Mining spokesperson Ms. Gloria Xavier said "This year, we expect to grow further on top of our growth at the end of last year. According to our projections, we will be growing at something like 6 or 7%,"
Atlantic Pacific Mining has predicted that in 2012, Peru would also focus on investments in the copper industry. Peru is the largest producer of silver, and is ranked third in mining investment for the region.
About Atlantic Pacific Mining: http://atlanticpacificmining.com
Atlantic Pacific Mining is a pioneering mineral exploration company focusing on resource exploration and development for gold, silver and Platinum Group Metals (PNG’s). Atlantic Pacific Mining as ideally positioned within Latin America to enable us to capitalize upon the immense undiscovered reserves situated throughout region.
Production of gold, silver and Platinum Group Metals in countries such as Chile, Peru, Brazil and Argentina has steadily grown in recently, lifting the region to be one of the major spheres of precious metal production.
Atlantic Pacific Mining’s management team is of the firm belief that a proactive approach yields much better results. Our collective 200 years of experience in exploration in the Americas, from the Atlantic in the East to the Pacific in the West, in highly specialized fields including geomorphic modeling, geo-chemical sampling and geo-mechanical engineering, is supported by decades of outstanding performance in business management.
Atlantic Pacific Mining is proud of our reputation as a highly responsible gold exploration and development company, both within the industry and the localities where we work. The company has maintained an exceptional level of commitment to exceeding the very highest levels of sustainability within the environment, as well as within the communities where we work.