LatinNews Daily - 02 February 2023

In brief: Mixed fortunes for Peru’s mining and hydrocarbons sector

* Peru’s national statistics institute (Inei) has revealed that the country’s mining and hydrocarbons sector grew by 9.34% in December 2022 compared with the same month in 2021. However, the headline figure masks a mixed picture; whilst the mining sector grew by 11.05% year-on-year, the hydrocarbons sector contracted by 1.03%. The Inei attributed the mining growth to increases in the production of iron (+99.4%), copper (+19.2%), lead (+3.2%), and tin (+2.3%). The contraction of the hydrocarbons sector was explained by a reduction in the production of natural gas condensate (-4.9%), although this was partially compensated by the increased production of crude (+4.0%) and natural gas (+0.9%).

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