And after a slow start to 2013, Peru’s copper sector is going great guns, records now set in two consecutive months. The addition of the Antapaccay mine to Peru’s produciton mix, as well as other mines running well, has seen the last two months set record production for the country’s copper mining sector. Preliminary numbers out from Peru’s INEI stats office today (we need to wait for the Mining Ministry to publish the official numbers, that will come in a week or two’s time) put July 2013 copper production at 125,788 metric tonnes. The best month ever and relegating June 2013 to the second best month ever.
The fight for second place world producer (behind big daddy Chile) has been tight between The USA, Peru and China for a while. This year may be officially tight again, but from 2014 onwards there’s only one name in it (think Antapaccay, Cerro Verde expansion, Toromocho start-up, Constancia, all those before things like Las Bambas comes online and no need at all to get messy in Cajamarca or anywhere else in Peru that doesn’t want mining ops). Watch out Chile, Peru’s gunning for you guys further down the line.