Peruvian mining exports increased 19.5% in February

Antamina’s Concentrator plant located in the Andean department of Ancash.
© Antamina

(LIP-jl) — More proof of Peru’s growing economy was released yesterday as Peruvian mining exports, which account for 56.2% of the Andean nation’s total exports, experienced a significant gain during the month of February.

According to a report released by Peru’s Ministry of Energy and Mines (MEM) Peru’s February mining exports increased by 19.5% compared to the same period registered in 2006.

MEM’s February report says Peru’s mining exports obtained a value of US$1.96 billion, thanks in large part to the commercialization of 141,266 metric tons of copper -reported to be worth more than US$700 million.

In terms of total export value, gold was listed as second as 834,134 ounces (worth more than US$539 million) were exported, while zinc, with exports reaching 150,529 metric tons (US$318 million), came in third.

Rounding out the list are: lead (US$128.7 million), refined silver (US$90.2 million), molybdenum (US$89 million), tin (US$38.7 million), and iron (US$37.2 million).

– related articles –
Peru closest to obtaining ‘investment grade’ in Latin American (by LIP, 12 April, 2007)
Peru’s growing economy causes global experts to recalculate predictions (by LIP, 11 April, 2007)
World Bank affirms Peru’s economy growing at ‘unprecedented speed’ (by LIP, 30 March, 2007)