Posts Tagged ‘Molybdenum recorded’

postheadericon Information mining and hydrocarbon sector in Peru

The mining and hydrocarbon sector in Peru would grow 2.9 percent this year, compared to growth in 2009, before the start of new projects and recovery of production.

He said the hydrocarbons sub sector advance 19.6 percent in 2010, natural gas production in Block 56 in Camisea, before the start of natural gas exports liquefaction (LNG) to Mexico and the increased production of natural gas (2.3 percent).

While metal mining sub-sector would grow 0.7 percent, driven by the recovery of zinc and lead, as it is expected that mining and Volcano The Quenchless resume production levels stimulated by the recovery of international prices of metals .

He said that the mining and hydrocarbon sector ended 2009 with a slight increase of 0.4 percent over 2008.

Meanwhile, metal mining fell 1.4 percent by the temporary closure and adjustment of production in the mining units to lower demand and lower prices for industrial metals due to the international crisis.

The production of zinc, iron, lead and molybdenum recorded falls of 5.9, 14.4, 12.5 and 26.5 percent respectively.

For its part, the hydrocarbons sub sector closed 2009 with an increase of 16.1 percent as a result of increased production of natural gas liquids (20.7 percent) and natural gas (2.3 percent).