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© Reuters. Mining investment in Peru grew 1.9% in 2022
Lima, Feb 7 (.).- Mining investment in Peru totaled 5,364 million dollars in 2022, which represents an increase of 1.9% compared to the previous year, official sources reported on Tuesday.
Through the Mining Statistical Bulletin (BEM), the Ministry of Energy and Mines indicated that, until November, mining-metallic exports reached 34,027 million dollars and thus registered a contraction of 5.6% compared to the same period of 2021.
Specifically, exports of (5.2%) and molybdenum (0.8%) grew, while foreign sales of iron, , lead, tin, and fell by 24.6%, 23.1%, 21 .2%, 11.8%, 5.9% and 0.5%, respectively.
Likewise, the portfolio reported that the accumulated production from January to December reported mixed results, with reductions in most products, with the exception of iron, copper and tin.
He pointed out that production fell in the case of zinc (10.7%), silver (7.6%), molybdenum (7.5%), lead (3.4%) and gold (0. 8%).
Iron, on the other hand, registered a positive accumulated production, growing by 6.5% in 2022, as did the production of copper and tin, which advanced by 4.8% and 4.6%, respectively.
The ministry also announced that average employment in the mining sector stood at 222,485 workers in December, which represents a decrease of 4.9% compared to the monthly average of the previous year.
On the other hand, the BEM revealed that the variation of the metallic mining gross domestic product (GDP) registered an increase of 5.9% in November due to the higher volumes of national production of copper (+15.3%), zinc ( +1.2%), iron (+6.2%) and tin (+9.1%).
However, the GDP accumulated in November reflected a contraction of 1.4% as a result of the “late recovery of production in the first quarters of 2022”.
Mining activity plays an important role in the Peruvian economy by contributing around 10% of the country’s GDP.
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