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Yahoo
05-07-2025
- Business
- Yahoo
Peru protestors block copper transport route, affecting mining companies
A blockade by informal miners in Peru's Chumbivilcas province is disrupting a vital copper corridor, impacting the operations of leading mining companies, as reported by Reuters. Supporting a national protest that began on Friday, 4 July 2025, the blockade involves members of Peru's artisanal and informal miners' organisation, CONFEMIN. The protest is part of a broader action demanding that the Peruvian government extend a deadline for regularising informal mining activities, according to protest leader Luis Huaman, who stated that "this blockade is in support of the national protest, for unconditional formalisation" and confirmed that transportation for large-scale mining companies is being halted. The protest has affected the operations of MMG's Las Bambas, Glencore's Antapaccay and Hudbay's Constancia, which are among the top ten copper producers in the country. The mining companies have yet to comment on the situation. Las Bambas is experiencing disruptions due to the ongoing protests, although specific details have not been disclosed. The company, which has encountered numerous protests in recent years, has previously resorted to using alternative routes to circumvent such blockades. Peru, the world's third-largest copper producer, is projected to see a modest rise in production to 2.8 million tonnes (mt) during 2025. The country's mining investments are also expected to reach at least $4.8bn, as stated by Mines and Energy Minister Jorge Montero. In 2024, the mining sector in Peru attracted investments totalling $4.96bn, underscoring its critical role in the national economy. In a related development, Lupaka Gold has been granted a positive final ruling by the Arbitral Tribunal in its arbitration case against Peru regarding the Invicta gold project. The ruling grants Lupaka Gold $40.4m in compensation with interest, plus $4.2m for arbitration-related costs and expenses. "Peru protestors block copper transport route, affecting mining companies" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
02-07-2025
- Business
- Yahoo
Protesters block Peru copper route used by large miners
By Marco Aquino LIMA (Reuters) -A protest by informal miners in Peru is blocking parts of a key copper corridor used by major miners MMG, Glencore and Hudbay, leaders of the action and an industry source said on Wednesday. The demonstrators at the blockade in the Chumbivilcas province of the Cusco region are pushing Peru's government to extend a deadline to regularize informal mining operations, said Luis Huaman, one of the protest leaders. The companies operating major copper mines in the area - MMG's Las Bambas, Hudbay's Constancia and Glencore's Antapaccay - did not immediately reply to requests for comment. Reuters could not determine the scope of the potential impact to operations at the sites, which rank among the top 10 producers in the country, led by Las Bambas in the fourth slot. The area is one of several nationwide where members of Peru's artisanal and informal miners organization, CONFEMIN, began staging protests on Friday. "This blockade is in support of the national protest, for unconditional formalization," Huaman said in an interview. "We are not allowing (trucks from) large-scale mining to pass." A mining industry source familiar with Las Bambas told Reuters that after several days of protest, the company is being affected, but did not provide further details. Las Bambas has faced numerous protests in recent years, and has used longer alternate routes to avoid roadblocks. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
