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Malaga Inc MLGAF

Malaga Inc. is a mining company. The company, through its subsidiaries operates tungsten mine and gold plant with mining and exploration activities focused in Peru. The operations, exploration and development activities on the Pasto Bueno Property are located in the Ancash Department, Central Peru. The company also owns and operates in a hydroelectric asset. The company owns 100% of the property, including all surface rights. The company processes the ore from its own mine.


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Post by TELEMARKERon Feb 09, 2013 11:14am
257 Views
Post# 20962795

Mineweb

Mineweb

 

Peru reports 2012 production increases in copper and silver, gold output drops

Peru’s Ministry of Mines says the county’s copper production was up 5.12%, lead up 8.02%, zinc up 1.96% and a 1.76% increase in silver in 2012.


Author: Dorothy Kosich
Posted: Friday , 08 Feb 2013

RENO (MINEWEB) -


Peru’s Ministry of Energy and Mines said 2012 gold production was down nearly 3% last year, as molybdenum production dropped 12.18% and tungsten output plunged 33.14%, compared to 2011.

Cumulative copper production for Peru for last year was 1,298,564 metric tons, up 5.12%. However, December 2012 copper production was 120,498 metric tons, down 1.84% over the same period of 2011.

Total 2012 lead production was 248,659 metric tons, up 8.02% from 230,199 metric tons. In December 2012, lead output was 21,002 metric tons, up 0.41% from 20,916 metric tons during the same period of 2011.

The Ministry’s Mining Department also reported total 2012 zinc production of 1,280975 metric tons, up 1.96% over the previous year of 1,256,383 metric tons. In December 2012 zinc production was 105,192 metric tons, up 2.85% from 102,272 metric tons in December 2011.

Silver production in the past year was 3,479,058 kilograms ( 111,854,313 troy ounces), an 1.76% increase over the prior year’s total of 3,418,862 kilograms 109.918,967 ozs.). For December 2012, Peru reported a total silver output of 305,443 kilograms (9,820,220 ozs), up 1.74% from 300,224 kilograms (9,652,425 ozs) in December 2011.

2012 Peruvian gold production was 161,325,989 grams (5,186,751 troy ounces), down 2.92% from 2011’s gold production of 166,186,717 grams (5,343,027 ozs). For December 2012, Peru reported production of 12,838,960 grams (412,782 ozs), down 9.15% from December 2011’s 14,131,485 grams (454,337 ozs).

Cumulative 2012 moly production was 16,790 metric tons, down 12.28% compared to 2011’s 19,141 metric tons. In December 2012 Peru reported 1,470 metric tons, down 21.01% from December 2011’s 1,861 metric tons.

Last year’s annual production of tungsten was 365 metric tons, down 33.14% over the previous year of 546 metric tons. In December 2012, Peru’s tungsten production plunged 80.77% from 26 metric tons in December 2011 to 5 metric tons.

Peru’s iron ore production for 2012 was down 4.66% from 7,010,938 long tons in 2011 to 6,684,539 long tons. In December 2012, Peru reported 634,343 long tons, down 13.92% from 736,944 long tons during the same period of 2011.

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