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,
silver, and molybdenum.
Investments
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.
(END) CNA/RMB/MVB
Published: 7/2/2018