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Peru in the World: 2010 Gold Production Well

updated information advantage of the prestigious United States Geological Survey (USGS), which already has real data estimates for the year 2010 from these days will renew the data in this section every two weeks in regard to the production of various minerals. On this occasion we will refer to gold. We save that for Peru will use the official figure published by the Ministry of Energy and Mines (MINEM).

According

MINEM, Peru produced 163 tonnes of gold metal. While this volume, equivalent to 6.5% of the world, was down compared to 184 tons in 2009, allowed it to remain in sixth place ranking, which is headed by China, a country that still Australia, United States, Russia and South Africa. As we know, with the exception of the latter countries is much wider geographical spread than ours, which shows the high concentration gold exists here. In terms of reserves, the Peruvian reach the 2 000 tonnes, equivalent to 3.9% of the planet.

of Peru's leading position as a producer of gold is a key element in its external sector, because as this is a safe haven asset against international financial fluctuations, increased its value in turbulent times. This was clearly demonstrated by the recent global crisis, in which the yellow metal rose in price, while the dollar and key metals were dropping theirs. Furthermore, by its beauty and high value, gold is in high demand in jewelry, where it is considered an irreplaceable input. It is also used in industry, particularly in electronics, where it is prized for its excellent conductivity and very low corrosion.

Thanks to events like those mentioned, to maintain high demand and its price (an ounce and several times has exceeded U.S. $ 1.400 in months), in Peru alternating gold and copper as the main generator of foreign exchange, having become the perfect complement to diversify our export basket, and allowing circumstantial offset falls in metal.

In 2010, Peru's leading producers of this beautiful and coveted metal were Yanacocha (27.82% of total), Barrick Misquichilca (19.00%) and Buenaventura (7.33%).