Make Kitco Your Homepage

Mining News

Peru's mining industry expands 5% in August - report

Vladimir Basov

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - The National Institute of Statistics and Informatics of Peru (INEI) announced today that the domestic mining and hydrocarbons sector increased by 3.12% in August 2021 compared to the same month of 2020.

INEI said that this increase was driven by higher output recorded in the domestic metallic mining subsector (5.08%), due to higher production volumes of tin (22.9%), silver (22.7%), gold (13.8%), iron (13.4%), lead (6.2%), copper (4.0%) and molybdenum (3.2%); offset by the decline in zinc production (-3.5%).

However, INEI pointed out that the domestic hydrocarbons subsector decreased by 8.35% due to the lower extraction of natural gas (-34.4%) and natural gas liquids (-5.0%); while crude oil extraction increased (20.8%).

By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.