China, Canada and the US will account for 53 percent of investments in the Peruvian mining sector in the next few years, according to the new guide for mining investments published Wednesday.

The guide, which was produced by Peru's Ministry of Energy and Mines (MEM) and Ernst & Young, showed that China will be the leading foreign investor in 2017-2018, with its companies planning to spend 10.189 billion US dollars, or 21.6 percent of the total investment.

Canada will come in second place with 8.755 billion dollars, or 18.6 percent, and the US third with 6.55 billion dollars, or 12.8 percent.

Chinese investments include the expansion of the Marcona iron mine in the southern region of Ica at a cost of 1.5 billion dollars, which is to be completed by December 2019. This will increase the mine's production to 3.5 million metric tons.

Jinzhao Mining is planning to invest 1.5 billion dollars at Pampa de Pongo mine to complete an environmental impact assessment and begin production by 2021.

‍(Source‍: Xinhua)‍‍