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Message: Peru sees modest rise in 2009 metals output

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Crowlee

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Peru sees modest rise in 2009 metals output

posted on Nov 18, 09 07:14AM

http://www.miningweekly.com/article/peru-sees-modest-rise-in-2009-metals-output-2009-11-17

17th November 2009

LIMA - Peru's production of copper, gold and silver is expected to increase slightly this year from last, the county's mining and energy minister said on Tuesday, as metals prices hover near year highs.

Pedro Sanchez, speaking to a group of reporters, said he expects the country's copper output to inch up 1 percent this year, and gold production to rise 3 percent. Silver output is likely to climb 6 percent this year versus last, he said.

Peru, a major metals exporter, ranks third in the world for copper production and sixth in gold. It is the global leader in silver output.

Metals exports make up more than half of Peru's total exports and are a key source of revenue for the government.

Peru produced 1 267 867 t of copper last year and 179 870 473 fine grams of gold, according to the mining ministry.

Edited by: Reuters

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I would like to add my own blurb to that:

"However, Mr. Sanchez is aware of a Canadian-run company, called "Plexmar", which has the potential to blow the doors off all previous output figures once its Bolsa Del Diablo project becomes fully productive."

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