Peru's Energy and Mines Ministry (MEM) on Monday informed the production of some minerals has experienced significant growth in May 2018, while there has been a decline in others, with respect to the same month in 2017.
These results occurred as mining investment
totaled US$376 million, up 31.1% from May last year (US$286 million).
Production of zinc, tin, and copper
rose 8.7%, 4.5%, and 1.8%, respectively, compared to the same month a year earlier, according to data from the Mining Statistics Bulletin.
Nevertheless, gold, silver
, lead, iron
, and molybdenum's output declined during the same period.
Likewise, the Andean nation ranks fourth in the production of lead and molybdenum and is the sixth-biggest gold
and tin producer.
At the Latin American level, Peru is the largest gold, zinc, and lead producer. Plus, it ranks as the second-largest producer of copper
, and molybdenum.
According to MEM's General Mining Bureau (DGM), investments
totaled US$1.57 billion between January and May this year, 34.4% higher than the same period in 2017.
This growth was reflected in most areas, being extraction plant and infrastructure the ones that featured most prominently reporting the largest investment
amounts: US$434 million and US$386 million, respectively.