09 May 2012

PERU : Gold Exports Glitter For Lima In Q1.


      Gold has become Peru's main export.
      In Q1...it accounted for 23% of total exports...or $2.57 billion usd.
      Gold ore now accounts for 39% of Peru's mining exports.
      Gold exports soared 30% in 2011...to $10.1 billion usd.
      Despite gold's importance to the economy...new mining projects have upset many residents...worried about environmental damage...often resulting in protests and increasing violence.