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Peru's mining sector contracted 2.5% in December

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(Kitco News) - The National Institute of Statistics and Informatics of Peru has announced today that the domestic mining and hydrocarbons sector decreased by 3.71% in December 2020.

This contraction was due to the lower activity in the metallic mining subsector (-2.49%) caused by the lower production volumes of iron (-16.4%), gold (-15.1 %), molybdenum (-12.0%), lead (-10.0%), silver (-8.3%) and copper (-1.3%); this was partially offset by higher production of tin (+39.2%) and zinc (+17.6%).

The hydrocarbons subsector decreased by 10.90% due to the lower level of crude oil extraction (-47.1%); however, extraction of natural gas (9.5%) and natural gas liquids (6.1%) increased.

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