In July, the sector’s production Mining and Hydrocarbons fell 5.80%, being the second highest fall of the year (in May it fell 6.07%), according to the advanced indicators of the National Institute of Statistics and Informatics (INEI).
This decline was influenced by the drop in metal mining activity, which fell by 6.16%, due to the lower volumes extracted of molybdenum, silver, copper, zinc and gold.
Meanwhile, the hydrocarbons subsector decreased by 3.38% due to lower exploitation of natural gas liquids.
The former Vice Minister of Mines, Rómulo Mucho, explained that further setbacks would be seen in the coming months.
“What is needed is to give confidence and boost mining investments, but the current government with its prime minister is harmful to the country,” he said.
He also pointed out that the realization of Perumin (from September 26 to 30), is a response “that the business community continues betting on Peru.”
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OTHER SECTORS
The advanced data shows that in the seventh month the internal consumption of cement fell 3.84% due to the lower dynamism in the execution of private works.
On the other hand, fishing production rose by 29.03%.
DATA
-The production of the Electricity subsector increased by 4.15% in July, reported the INEI.
– The portfolio of mine construction projects amounts to US$53,168 million and includes 43 works, according to data from the Ministry of Energy and Mines.
