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Peru's mining and hydrocarbons sector contracts in September, copper output up 12.8%

Kitco Media
By Vladimir Basov
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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 contracted by 2.08% in September 2022 over September 2021.

INEI said that this decline was a result of the negative performance in the country’s hydrocarbons subsector which contracted by 15.05% due to lower production of natural gas liquids (-28.2%), crude oil (-4.9%) and natural gas (-1.6%).

However, according to a report, Peru’s metallic mining subsector expanded by 0.05% in September due to higher production of iron ore (17.4%) and copper (12.8%).

INEI added that the overall increase in Peru’s metallic mining subsector was partially offset by lower production of molybdenum (-37.9%), zinc (-14.2%), lead (-10.8%), gold (-9.3%), silver (-8.3%) and tin (-0.8%).

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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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