Peru's mining industry expands 12% in September - report

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(Kitco News) - The National Institute ofStatistics and Informatics of Peru (INEI) announced today that the domesticmining and hydrocarbons sector increased by 11.07% in September 2021 comparedto the same month of 2020.

INEI said that this positiveresult was driven by higher output recorded in the domestic metallic miningsubsector (12.32%), which was influenced by higher production volumes ofmolybdenum (23.9%), gold (20.2%), copper (17.5%), silver (3.7 %) and tin (2.8%).

However, INEI added that thisincrease was offset by a decline in iron ore output (-18.4%), as well as lowerlead (-8.5%) and zinc (-3.2%) production.

According to the report, thedomestic hydrocarbons subsector expanded 4.02% due to a greater extraction ofcrude oil (41.6%), whereas the level of extraction of natural gas liquids(-4.2%) and natural gas (-5.4%) decreased.

By Vladimir Basov

For Kitco News

Follow kitconewsnow vbasov@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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