Archive for the ‘Silver production’ Category
Silver production grew 30 percent as a result of the Peruvian mining sector investment
The president of the Gold Committee of the SNMPE, José Miguel Morales Dasso said that in the period 2005 – 2009 silver production exceeded 17 000 metric tons which represented a growth of 30% compared to 13 000 tons were reported in the period 2000 to 2004.
He said that in 2009 the production of silver closed at 3.854 metric tonnes in the first quarter of 2010 (January to March) was 862 tons.
Morales Dasso said that the growth of silver production, the last five years, is explained by the investments recorded Peruvian mining, since it has allowed the expansion of mining operations in the country. The Peruvian mining sector – precisely recorded a total investment of 8.424 million dollars between the years 2005 to 2009.
Peru has established itself as the leading producer of silver, as it currently accounts for 18 percent (3.854 metric tons) of world production is 21.400 metric tons, Morales said, stating that our country will remain China’s 3.000 tons (14%), Mexico with 2,500 MT (12%), Chile with 2,000 MT (9%), Australia with 1,800 MT (8%) and Bolivia TM 1.360 (6%).
The president of the Gold Committee of the SNMPE said under the Ninth International Gold Symposium, to be held in Lima from 18 to 20 next May-will address the theme “Silver Projects in the World”, attended by executives of major national and international companies Argentinean.
Also announced that Peruvian exports of refined silver in the period 2005 – 2009 amounted to 2.108 million dollars, which represented more than double the exports in the period 2000 to 2004 when sales were $ 973 million by . It should be mentioned that the exports of refined silver in 2009 totaled $ 214 million and that the main destination markets were the United States (48%), Brazil (31%) and Canada (10%).
Meanwhile, ending the first quarter of 2010 exports of this metal reach the $ 23.8 million and went to Brazil (54%), Canada (38%) and Switzerland (4%). Finally, the union representative said that Peru mineralization has a portfolio of silver project identified that require an investment of more than 700 million dollars.