- Write by:
-
Thursday, July 2, 2020 - 7:57:35 PM
-
635 Visit
-
Print
Mining News Pro - Activity in Peru’s mining and hydrocarbons sector plummeted 45.79% in May from a year earlier, the third straight monthly drop, the government said on Wednesday, due to a lockdown to fight the covid-19 pandemic.
Peru, the world’s second largest copper producer, began a strict quarantine in mid-March, while in May the government ordered the gradual restart of some key industries, a move that allowed miners to starting ramping up production.
The national INEI statistics agency said May copper output fell by 42.2%, while that of gold was down 65.1%. Zinc production tumbled 75.7% and silver 65.8%.
Mining is key for Peru because exports from the sector represent 60% of the South American country’s total.
Among other economic activities, the INEI said that the fishing sector fell by 46.99% in May, while cement consumption contracted 65.05%.
Short Link:
https://www.miningnews.ir/En/News/558239
Peru’s dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper ...
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time ...
As BHP Group considers its next move, there’s one big question facing the mining world’s bankers, analysts and ...
Around $7 billion of infrastructure investments in the Democratic Republic of Congo by Chinese companies in a revised ...
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South ...
Adani Enterprises Ltd., which posted a 38% fall in quarterly profit, said India’s markets regulator has queried it about ...
China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP ...
BHP Group (ASX: BHP) has deployed a senior team including its chief executive officer to South Africa as the world’s ...
Emerging North American gold producer Contango ORE is boosting its landhold in Alaska with the acquisition of Canada’s ...
No comments have been posted yet ...