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Copper production in Peru down 0.3% in January, ministry says

Vladimir Basov

Kitco News

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(Kitco News) - According to the Ministry of Energy and Mines of Peru (MINEM), copper production in Peru, the world’s second largest copper producing country, amounted to 198,621 tonnes in January 2023, down 0.3% compared to January 2022 (199,255 tonnes).

MINEM said that this negative performance was mainly due to lower production by major local copper mining companies, including Sociedad Minera Cerro Verde S.A.A. (-0.3%), Compañía Minera Antamina S.A. (-21.9%) and Southern Perú Copper Corporation (-6.3%).

At the company level, Sociedad Minera Cerro Verde S.A.A. is first with a 19.2% share in total Peru’s copper output, followed by Compañía Minera Antamina S.A. (15.5%) and Southern Perú Copper Corporation (15.0%).

MINEM added that at the regional level, Arequipa is first with a 19.3% share in the country’s total copper production, followed by Moquegua (16.3%) and Áncash (15.7%).

 South Africa's mining sector contracts for twelfth consecutive month, down 1.9% in January
By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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