📋 Tender Overview
The Ministry of Energy and Mines (MINEM) reported that the production of seven metals registered significant increases during the month of September 2023, compared to the same month of the previous year, according to the latest edition of the Mining Statistical Bulletin (BEM) published monthly by the Directorate of Mining Promotion.
The BEM highlights the year-on-year increases in the production of copper (+2.5%), gold (+12.9%), zinc (+8.6%), lead (+21.6%), iron (+25.2%), tin (+8.8%) and molybdenum (+40.5%), in contrast to the same month in 2022.
Likewise, the accumulated production from January to September shows a positive variation in the production of copper (+16.0%), gold (+0.3%), zinc (+5.8%), lead (+5.6%), iron (+16.8%) and molybdenum (+5.7%), in contrast to the same period of the previous year.
The bulletin also highlights the metal mining production of 4 of the 8 main metals that showed increases compared to the previous month, such as copper (+5.6%), gold (+0.2%), iron (+0.2%) and molybdenum (+19.2%).
Along these lines, in September 2023, national copper production reported an increase of 2.5% compared to the same month of the previous year, thanks to higher production levels at Anglo American Quellaveco, Minera Las Bambas and Marcobre.
Regarding gold production, this metal reported the highest record so far in 2023, with an increase of 12.9% compared to what was reported in September 2022, due to the higher production levels of Minera Yanacocha, Consorcio Minero Horizonte, Shahuindo and Gold Fields La Cima.
Meanwhile, the national production of lead reached a significant increase of 21.6% compared to the same month of the previous year, due to the optimal performance of Volcan Compañía Minera, Compañía Minera Chungar and Nexa Resources El Porvenir.
Finally, iron production reported an increase of 25.2% compared to the same month of the previous year; while tin production registered an increase of 8.8%; and molybdenum achieved an increase of 40.5% compared to September 2022.
