Mining exports rise to US$1.7bn in November on better prices - Peru

Peru's mining industry exported US$1.72bn worth of metals and minerals in November 2009, rising 48.7% from US$1.16bn year-on-year, according to the latest figures from the country's central bank.
Two of Peru's main products, copper and gold, saw the total value of exports rise despite lower volumes shipped, thanks to higher prices.
The red metal brought in US$707mn in November compared to US$459mn year-on-year, while physical sales abroad dipped to 112,700t from 126,500t as average prices soared to US$2.846/lb from US$1.647/lb. The entire metals complex saw values sink drastically in late 2008 as a result of the global economic crisis.
Gold exports brought in US$587mn in the eleventh month of 2009, rising from US$411mn as volumes slipped to 520,400oz from 539,400oz.
Meanwhile, Peruvian zinc exports totaled 148,700t worth US$178mn in November, up from 134,700t worth US$71.8mn. Lead pulled in US$144m from the sale of 68,000t, up from US$48.8mn and 33,700t, the central bank figures show.
Exports of fine silver from Peru plummeted to just 0.4Moz in November 2009 from 3.2Moz year-on-year, taking revenue down to US$6.4mn from US$32.0mn.
Iron ore export income fell to US$27.7mn from US$39.8mn, though shipments inched up to 0.7Mt from 0.6Mt. Peru also sent abroad US$12.9mn worth of non-metallic minerals, down from US$15.6mn.
Mining products account for more than 60% of Peru's export revenue.