Wednesday, January 21, 2015

Oil prices help Peruvian industry

On Wednesday, Peruvian National Industrial Society president Luis Salazar told reporters that the collapse in global oil prices we lead to a large growth in Peruvian industrial output this year. He told El Peruano, “There is no doubt this circumstantial factor will favor our industry. However, in respect of energy consumption, these benefits will be present to a greater or a lesser degree depending on the output level.” He added that the economic recovery in the United States could also boost the performance of Peruvian exports, as the United States is one of the main destinations for those goods.

In unrelated news, the problem of illegal gold mining in Peru was featured on NPR’s All Things Considered. Specifically, the report centered on the research done by Bill Pan and his colleagues on Duke University, regarding mercury toxicity and artisanal mining. These researchers showed that unsafe levels of mercury toxicity caused by gold mining boats and open-pit mines exist not just in the mines’ immediate surroundings but also far, far downriver. “There's definitely a strong correlation between where the mining is occurring and where people are at risk for mercury toxicity," Pan said. "And that risk remains elevated for hundreds of miles.” Pan recognized the efforts of the Peruvian government to combat the illegal mining activities, but given the high price of gold, Pan does not expect the situation to change any time soon.



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