https://newsletter.mw.creamermedia.com
Copper|Energy|Gold|Mining
Copper|Energy|Gold|Mining
copper|energy|gold|mining

Peru copper output up nearly 2% in October as Antapaccay surges

12th December 2023

By: Reuters

  

Font size: - +

LIMA - Peru's copper production rose 1.9% in October compared with the same month last year, totaling 240 097 metric tons for the month, the Andean country's mines and energy ministry said on Monday.

Peru is the world's second-largest producer of copper after neighboring Chile.

The ministry said in a statement the increase was due largely to strong performance at the Antapaccay mining firm, controlled by Glencore, where output jumped by nearly 36%, as well as at Grupo Mexico's Southern Copper, where production was up by almost 7%.

In the year through October, output of the metal, which is key to industry worldwide, rose slightly more than 14% to settle at around 2.25 million tons.

Peru's copper output was hampered early this year by production pauses triggered by violent anti-government protests across the country.

Peru's government has said it will redouble its efforts to boost production, after a May report by research firm Wood Mackenzie said Democratic Republic of the Congo could in coming years take the South American nation's place in global copper production rankings.

Peru's production of gold, zinc, lead, silver and tin also rose in October, the government said, while that of iron and molybdenum fell.

Edited by Reuters

Comments

Showroom

BOVA Safety Wear
BOVA Safety Wear

BOVA cemented their reputation in Africa by delivering high quality engineering through their range of safety footwear. 21 years after producing...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.053 0.134s - 126pq - 2rq
Subscribe Now