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Peru copper output in 11 months up by 3.6pct

Metal News - Published on Tue, 09 Jan 2018

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Andina reported that Peru's copper production reached 2,220,163 fine metric tonnes between January and November 2017, up by 3.6% over the same period in 2016. Mr Ricardo Labo Deputy Mines Minister expressed that "Mining production [in Peru] has been rising thanks to investments carried out in past years, as well as to the continuous investments made by companies."

Likewise, he noted output indicators were significantly positive last November. He also projected they will remain on the upward trend throughout 2018.

According to MEM-General Mining Bureau's statistics, higher production of iron (+12.3%), zinc (+10.7%), and molybdenum (+8.6%) was also registered in the January to November period.

Last November, production activities were registered at 661 mining units, whereas exploration operations were reported at 306 units.

In this sense, total mining activities cover 1,662,528 hectares, which account for 1.29% of the national territory.

Copper production expanded 3.8% in November 2017, if compared to the same month in 2016.

Said rise was underpinned by greater dynamism at Las Bambas, Antamina, Antapaccay, and Chinalco mining companies.

At the regional level, Arequipa, Apurimac, Ancash, Cusco, and Junin account for 80% of the country's total copper output.

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Posted By : Rabi Wangkhem on Tue, 09 Jan 2018
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