Peru mining and hydrocarbons exports to grow 7.5 percent in 2011

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LivinginPeru.com

Peru mining and hydrocarbons exports to grow 7.5 percent in 2011
Yanacocha led gold exports with shares of 23.8 percent. (Photo: Andina)

The value of Peru’s mining and hydrocarbons exports could rise 7.5 percent to US$ 26.05 billion by the end of 2011, according to consulting firm Maximixe.

Maximixe said to Andina these exports are expected to have reached US$ 24.2 billion in 2010, with earnings from mineral resources totaling over US$ 21 billion and those from crude oil and its derivatives reaching US$ 3 billion.

Between January and October 2010, mining and hydrocarbons exports totaled US$ 19.69 billion, 38.1 percent higher than the same period in 2009.

Mineral exports grew 34.7 percent driven by increased sales of molibdeno (up 66.6 percent), iron (65 percent), zinc (56.8 percent), copper (56.1 percent), lead (45.8 percent), tin (14.5 percent), and gold (14.4 percent).

Antamina led zinc and concentrated copper exports with shares of 37.2 percent and 32.9 percent respectively. Yanacocha led gold exports with shares of 23.8 percent followed by Barrick, with 18.0 percent.

The exports of petroleum and natural gas rose 76.7 percent to US$ 2.4 billion.

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