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Peru's mining sector expands in August as copper production up 8%

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(Kitco News) - The National Institute of Statistics and Informatics of Peru (INEI) announced today that the domestic mining and hydrocarbons sector expanded by 5.2% in August 2023 compared to the corresponding period in 2022.

In a press release, INEI said the domestic metallic mining subsector increased by 4.6% in August primarily due to higher production of copper (7.5%), zinc (6.8%), gold (8.3%) and iron ore (17.5%).

This was partially offset by lower production of silver (-4.1%) and molybdenum (-24.4%).

INEI added that Peru’s hydrocarbons subsector expanded by 9.1% in August 2023 due to higher production of natural gas liquids (23.7%) and natural gas (16%), while production of crude oil was down 12.5%.

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