Zinc production falling in Peru
Lima, Peru (Platts)--25Oct2006
Peru's copper output rose 6.0% on year in July to 87,494 mt, the Energy
and Mines Ministry said Wednesday. Among largest miners, Southern Peru
Copper's output climbed 41.5%, Antamina's rose 20%, Phelps Dodge-owned Cerro
Verde's production rose 2.7% and Xstrata Tintaya's output climbed 14.8%.
Copper output in the January-July period rose 5.8% to 596,994 mt, the
ministry said. July gold output fell 2% compared with a year earlier to 16,809
kg or 540,424 oz. Among major producers, Minera Yanacocha, owned by
Denver-based Newmont Mining Corp., boosted output by 2% while Minera Barrick
Misquichilca's output dipped 10%. In the January-July period, Peru's gold
output rose 14.4% to 122,476 kg or 3.9 million oz.
Zinc production fell 2.7% in July compared with a year earlier to 101,306
mt. Among major producers, Volcan's production fell 49.8%; Antamina's output
dropped 34.7% and Milpo's production tumbled 40.5%. In the first seven months
of the year, zinc production fell 6.6% to 671,396 mt.
Lead output in July declined 1.6% compared with a year earlier to 26,016
mt. Atacocha's output fell 47.9% while Milpo's dropped 16.6%. In the
January-July period, overall lead output decreased 2.5% to 175,099 mt.
July's silver production rose 14.7% to 296,019 kg or 9.5 million oz.
Buenanvetura boosted is output of the metal 10.8%. In the first seven months
of the year, overall silver production rose 7.7% to 1.96 million kg or 62.9
million oz.
Tin production fell 4.9% in July compared with a year earlier to 3,416
mt. In the January-July period, tin production fell 3.8% to 23,480 mt. Minsur
is the country's only tin producer.
Iron output rose 13.2% in July compared with a year earlier to 419,818
mt. In the first seven months of the year, output of the metal rose 10%
compared with 2005 to 2.88 million mt. Chinese-owned Shougang is the country's
only producer. |
