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Peru: Copper output up in July 2017

Explotación minera. Foto: ANDINA/ archivo.

Explotación minera. Foto: ANDINA/ archivo.

00:08 | Lima, Sep. 29.

Peru's copper output expanded 2.1% last July over the same month in 2016, mostly underpinned by activities at Las Bambas and Toromocho mines, Central Reserve Bank (BCR) reported.

According to the issuing entity, Toromocho's copper production reached 15,000 fine metric tons (FMT), whereas Las Bambas registered a total of 41,000 FMT.

Gold

Gold output also experienced a 2.5% rise in the analyzed month. 

The positive outcome was explained by the start of operations at Tambomayo mine (Arequipa region), as well as higher production at Poderosa's unit in Pataz district (La Libertad region).

Nonetheless, production continued to decline at Yanacocha and Barrick.

Zinc

Zinc production grew 7.1%, driven by greater dynamism at Antamina resulting from higher international prices.

Other metals

Higher molybdenum output (20.8%) was also registered in the said month due to greater extraction at Cerro Verde, Las Bambas, and Toromocho.

Within this framework, iron (+14.6%), tin (+1.6%) and silver (+2.8%) also saw positive growth rates.

Nevertheless, plum output slid 5.6%.

(END) JAA/MVB


Published: 9/29/2017
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