Andina

Peru: Copper, tin production increased in Nov 2018

Cobre

Cobre

14:31 | Lima, Jan. 7.

Peru's Energy and Mines Ministry (MEM) on Monday informed national tin and copper production posted a 17.6% and 3.8% increase, respectively, in November 2018 compared to the same month in 2017.

However, output of gold, silver, lead, zinc, iron, and molybdenum decreased in the same period.

According to MEM, national production of copper registered a 3.8% year-on-year rise, and a 3.9% expansion compared to the previous month. 

It should be noted production by Cerro Verde, Las Bambas, Antamina, and Southern Peru Copper Corporation account for 68.2% of the total. 

On the other hand, national production of tin recorded a 17.6% year-on-year rise, and a 2.6% increase between January and November.

Employment 

In November 2018, the mining sub-sector employed 221,428 people, thus registering a 12.3% year-on-year increase, plus a 7.8% expansion compared to the previous month. 

Therefore, the number of jobs created by mining activity during the 11-month period in 2018 exceeded the average of 2017 (189,962 workers). 

(END) CNA/DTK/MVB


Published: 1/7/2019
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