SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Mining News of Note
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LoneClone who wrote (168874)12/2/2022 3:01:05 PM
From: LoneClone  Read Replies (1) of 192642
 
MMG mine in Peru resumes copper output; transportation still halted

ca.finance.yahoo.com

Mon, November 28, 2022 at 2:47 p.m.·1 min read

LIMA, Nov 28 (Reuters) - MMG Ltd resumed copper production at its Las Bambas mine in Peru after a protest was lifted, a source close to the company said on Monday, but added that transportation of the metal to port remained blocked by a separate conflict.

Las Bambas had reduced its operations to 30% of its usual capacity earlier this month due to the protests.

Protests against the Chinese-owned mine are recurrent and have often disrupted operations, amid complaints by nearby indigenous communities that the company's huge mineral wealth has not translated into better living conditions for them.

The source said a protest in the town of Challhuahuacho had been lifted, which allowed production to resume.

But a separate protest blocking the road that Las Bambas uses to transport its copper onto a seaport for shipment to clients remained blocked along the Chumbivilcas province.

Peru is the world's No. 2 copper producer and Las Bambas ranks among its largest producers of the red metal.

Since Las Bambas began operations in 2016, the miner has faced over 540 days of road blockades, according to statistics kept by the company.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News