According to the Institute, gold, copper, lead and silver production have been the most affected by the slowdown caused by the covid-19 pandemic. The yellow metal fell by 32.9% y-o-y, copper dropped by 16.1%, lead by 14.8% and silver by 11.7%.
The metallic mining subsector saw a 10.88% plunge when compared to September 2019
Overall, the metallic mining subsector saw a 10.88% plunge when compared to September 2019.
When it comes to oil and gas, crude oil output fell by 50.7% while the gas output dropped by 13.6%.
In early October, Peru’s energy and mines minister, Miguel Inchaustegui said the reduced workforce was affecting output. However, he reported that mining companies in operation were projecting to have 100% of their personnel back in the pits by year-end.
Back then, Inchaustegui also said that the construction of new mines was being affected by staffing issues as well, among them Anglo American’s $5.3 billion Quellaveco project in the country’s south.
Peru is the world’s no. 2 copper producer.
