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Peru: Metallic Mining Sees 20.9% Growth in April 2023

The production of the metallic mining sector increased 20.9% in April 2023 from the same month the previous year, the highest growth rate since June 2021, the Central Reserve Bank (BCR) reported on Sunday.

According to the BCR, this result was mainly explained by the dynamic production of copper and zinc.

In the first four months of the year, the sector recorded a year-on-year expansion of 7.4%, which was driven by the greater extraction of copper and iron.

In April, the entry into operation of Quellaveco and a base effect boosted copper production, which increased 31.4% year-on-year.

Southern‘s mining activity increased 79%, while Las Bambas‘ saw a 58.9% growth, after both companies suspended operations due to problems with the communities the previous year.

In addition, the production of medium and small mining (the rest) grew 28.6%, mainly due to the greater extraction of copper from Shougang.

For their part, the results of AntaminaVolcan and Compañía Minera Raura boosted zinc production by 31.4%.

The latter company resumed its operations in 2022 after suspending mining activities during the pandemic.

Source : Andina