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Peru's mining and hydrocarbons sector expands in November, copper output up 14.6%

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 expanded by 5.06% in November 2022 compared to November 2021.

In its press release, INEI said that this increase was a result of a positive performance in the domestic metallic mining subsector (5.9%) and hydrocarbons subsector (0.15%).

According to the report, Peru’s metallic mining subsector increased by 5.9% due to the higher production of copper (14.6%), tin (9.1%), iron (6.2%) and zinc (1.2%); this was partially offset by lower production of molybdenum (-15.0%), silver (-10.2%), lead (-6.8%) and gold (-2.9%).

INEI added that the country’s hydrocarbons subsector increased by 0.15% due to the higher extraction of natural gas (11.5%), which was offset by the lower extraction of natural gas liquids (-7.2%) and crude oil (-0.1%).

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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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