Shougang output grows in Peru; Milpo adds zinc capacity

Shougang Hierro Peru's output has grown 2.18% in May over the same month last year, from 432,969 tonnes to 442,396 tonnes, Steel Business Briefing learns from Peruvian mining ministry.

However, strikes that occurred during the first four months this year put a brake on growth, and the Chinese-owned miner produced 2.12m tonnes in January-May this year, an increase of just 1.15% compared to the same period of 2006.

On the other hand, the strong galvanised steel market during the first half this year has allowed Peru to increase its zinc production. During the first five months this year, the country has produced 591,532 tonnes of zinc concentrates – a 25% more than the same period last year.

Peru's fourth largest miner, Milpo, has commissioned its Cerro Lindo project – with investments of US$110m – which will add 146,000 t/y to the company's zinc concentrates capacity.

Publication: SBB - Steel Business Briefing
Provider: Steel Business Briefing
Date: July 31, 2007