Also consider the acquisition of Northern Peru Copper by the China Minmetals / Jiangxi Copper, which at a cost of $ 434 million project was awarded the Galen (Cajamarca) to exploit gold and copper.

These investments shall be in future dollars 2,200 million is expected from 2010 Chinalco invests in the construction of giant Toromocho project, which would begin operating in late 2012, he said.

In addition we must add the 1,000 million that is running Minmetals to build mine for next year Galen said.

The premier concluded today the Trade and Investment Forum Peru - China, organized by the Agency for Promotion of Private Investment (ProInversión) and the Agency for Investment Promotion of the Republic of China (CIPA).

He stressed that the event aims to strengthen trade ties and investment between both countries and conducive to attracting investment in strategic sectors of Peru, and generate the development of partnerships among Peruvian entrepreneurs and their counterparts in China.

He indicated that there are many other sectors that are emerging as the next pillar of future growth and development of Peru, and could also receive substantial amounts of investment from Chinese entrepreneurs and capital.

"Peru has to fill an important gap in infrastructure, and requires investment of up to 37.000 million, of which 37 percent corresponds to the transport sector, 22 percent to electricity, 16 percent to sanitation and 14 percent to telecommunications, "he noted.

In this regard, he stressed that Chinese entrepreneurs have shown interest in participating in investment projects such as telephone and communications, electricity, port and rail terminals.

On the other hand, stressed that trade between Peru and China reached 7.400 million in 2008 and in recent years has grown at an average of 40 percent.

"With the forthcoming entry into force of the Free Trade Agreement (FTA) bilateral, we hope that this first year to double trade to grow rapidly and by 80 percent," he said.