Monday, April 15, 2019

Peru, a major gold producer in the world


Peru, a major gold producer in the world


The phrases "Peru is a country made of pure gold", or "Peru is a beggar sitting on a gold bank" (attributed to the exploiter Antonio Raimondi) are not exaggerations since gold is the main mineral export product; minerals represent the highest percentage of total exports. Between the years 2000 and 2012, exports were growing due to the great Chinese demand, the retraction of the economy in later years, then reduced the export of minerals and gold.



Peru is the fifth or sixth nation (it depends on market fluctuations, in any case, its position is highlighted) in the world that produces this precious metal and the first in Latin America. Peruvian economic growth is based on mining, which is the main supplier of foreign currency and the investment magnet of foreign companies.

According to the SNMPE Gold Committee, gold exports represent between 40% and 50% of the total exports of the mining sector. This performance is explained by the notable advance of the price of the precious metal in international markets and by the exported volume (variation in volume and price).

The regions of La Libertad and Cajamarca concentrated 50% of the Peruvian gold production in 2017, in other years it is similar, the percentage is similar. Other outstanding gold producing regions are Arequipa and Ayacucho. Silver, other metal prices is also an important product; and Peru is the second largest producer of silver in Latin America and in the world. The main destination markets for Peruvian gold exports are Switzerland, Canada, the United States, India and the United Kingdom.



In the past, when markets did not exist in the current form, gold was used to produce beautiful works of goldsmithing that were offered to the gods, they were used as symbols of power and objects of adornment. Currently in public museums and stolen collections, in Peru and the world, it is possible to appreciate the mastery of the goldsmiths of the Inca and pre-Inca peoples who lived in the Peruvian territory.





In the museums you can admire pieces of gold, from different cultures and different periods of origin. Between the years 1200 to 1553, the Incas dominated the Andes and were inheritors of the traditions of all the civilizations that had already passed through there. One of the traditions was the use of gold, symbol of power and religion, to make rings, headbands, cups, masks and many other objects. 'The gold of the Incas' is a treasure that surprises the world by the quality and spectacularity of the works.

References

SNMPE: Exportaciones de oro sumaron más de US$ 7,970 millones el 2017

El Perú es un país hecho de oro puro, Juan Ramos junio 10, 2009 Economía,

Perú: primer productor de oro en Latinoamérica y sexto a escala mundial

Aquellos dorados incas

El oro es el principal producto de exportación peruano, 28 de abril, 2010

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