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Peruvian Gold Miners Vote To Strike

UNIONS at two Peruvian mines owned by Buenaventura, the country's largest Gold Mining and precious metals producer, have voted to go on strike.

Peru is a world leader in Gold Mining, silver mining and copper mining. Mineral exports account for around 60 percent of the Andean country's total exports.

However, this news comes as Peru's Ministry of Mines and Energy published figures which showed that Gold Mining and silver production in the country has dropped.

The workers at the Uchucchacua mine, which produces silver, and the Orcropamap mine, which produces gold, want higher wages. They backed plans to strike at assemblies on the Monday.

Orcopampa produced 8.5 tonnes of gold in 2009, and Uchucchacua's output was 258 tonnes of silver last year.

Silver production in the country, the world’s largest producer dropped by 8%, to 300,874 kilograms, whilst Gold Mining production dropped by almost 11% to 13,903 kilograms.

This drop comes as gold production fell in several other countries, including South Africa and Liberia, where it dropped by 68.5%.

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Christopher Whitehouse is working as a research assistant at BullionVault, the No.1 gold and silver ownership service for private investors.

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