Peruvian GDP growth in June bettered
the country’s rate for all of 2014, coming in at 3.87%, better than analysts’
prediction of 3.0%. This strong economic growth was driven
by advances in the mining and agricultural sectors, despite poor performance in
the manufacturing and construction sectors.
Peruvian economic growth has been steadily accelerating throughout
2015, registering a 3.0% growth for the second quarter of the year. Adrián
Armas, the head of economic research for the Peruvian Central Reserve Bank predicted
that the GDP growth would continue throughout the rest of 2015.
In mining-related news, the Peruvian armed forces continued
their battle against the problem of illegal mining in the country. Late last
week, the Peruvian armed forces reported on a large two-day operation that they
had carried out in the region of Madre de Dios. The officials reported a
laundry list of equipment and materials that had been seized and destroyed, but
it’s unclear how much of an actual impact the operation had on the illegal
mining operations.
In related news, the Peruvian Executive extended by
one month the armed forces’ intervention in Arequipa, Puno, and Madre de Dios
in support of the Peruvian police in their actions against illegal mining.
In oil-related news, Perú-Petro is scrambling to negotiate a
contract with an oil company to run its Block 192. After negotiations with
French oil company Perenco fell apart, Perú-Petrol turned
to Colombian oil company Omega.
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