Report: Copper, zinc and lead to support the growth of Peru’s base metal mining industry
The base metal production from copper, lead, and zinc mines in Peru is expected to increase to four million tonnes (Mt) from 2015 to 2020, says a Timetric report.
Titled ‘Base metals mining in Peru to 2020’, the report provides an in-depth coverage of the Peruvian base metal mining industry, which comprises copper, lead, and zinc mining. In 2014, copper production was 1.4Mt, zinc at 1.3Mt, and lead mine at 278,000t.
Peruvian copper and zinc reserves were the third-highest globally in 2015, with 68Mt for copper and 29Mt for zinc. The country also has the fourth-biggest lead reserves, estimated at 7Mt. Its vast mineral resources include iron ore, copper, lead, zinc, gold, silver, molybdenum, and tin.
Production of base metals in Peru is driven by export demands for copper, zinc, and lead ores and concentrates. China has been Peru's leading export market since 2001, with high-demand for these three base metals. Other significant export destinations include Japan and South Korea.
The Ministry of Energy and Mines and the Directorate General of Mines are the governing bodies of the country’s mineral industry. According to the Timetric report, Compania Minera Antamina, Southern Copper Corporation, Compania Minera Milpo, and Volcan Compania Minera are the leading companies operating in the Peruvian base metals industry.