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Copper production in Peru down 1.5% in August, ministry says

Kitco Media
By Vladimir Basov
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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 207,739 tonnes in August 2022, down 1.5% compared to August 2021 (210,921 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. (-11.5%) and Southern Peru Copper Corporation (-10.6%).

At the company level, Compañía Minera Antamina S.A. is first with a 21.0% share in total Peru’s copper output, followed by Sociedad Minera Cerro Verde S.A.A. (19.8%) and Southern Peru Copper Corporation (14.1%).

The ministry added that at the regional level, Áncash is first with a 21.2% share in the country’s total copper production, followed by Arequipa (20.0%), Junín (10.6%) and Apurímac (10.6%).

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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