Peru’s National Society of Mining, Petroleum and Energy (SNMPE) said the country’s mining sector will see an investment of about $41.9bn over the next ten years.

SNMPE president Pedro Martinez told reporters that about $10bn in investments are expected in the sector between 2011 and 2012.

Martinez said that Xstrata‘s Antapaccay copper project, with investments about $1.5bn, and the Mar Cobre copper project, owned by Canada’s Chariot Resources with an estimated investment of $744mn, are likely to go into production next year.

Anglo American’s Quellaveco copper mine project and Yanacocha‘s Minas Congas gold project, each with a $3bn investment, will move into production in 2014.