Saturday, March 3, 2012

Peruvian Mining production in January

Peru's mineral production fell 0.02% in January year-on-year, according to national statistics and information bureau INEI.
Zinc output fell 15.7%, tin was down 7.87%, molybdenum dropped 5.07%, iron ore declined 3.31% and copper production decreased 3.07%, INEI said.

Gold production was up 13.2%, silver rose 4.94% and lead increased 3.69%.

Peru is the world's second largest silver producer after Mexico and the second largest copper producer. It is the top gold producer in Latin America and sixth globally. The country is also the second biggest zinc producer in the world.

Minerals represent nearly 60% of the country's total exports.