Latest news with #EduardoArana
Yahoo
14-07-2025
- Business
- Yahoo
MMG and Hudbay warn of impact from informal miners' protests in Peru
MMG's Las Bambas mine and Hudbay Minerals' Constancia mine, Peru's top copper producers, have issued warnings of potential production disruptions due to ongoing protests by informal miners, as reported by Reuters. Peru, the world's third-largest copper producer, exports the majority of its copper to China. Las Bambas is Peru's fourth-largest copper mine, producing over 320,000 tonnes (t) in 2024, while Constancia ranks ninth with 99,000t. The protests, which have been blocking a major transit route since late June 2025, have prompted executives from both companies to meet Peru's cabinet chief, Eduardo Arana. The demonstration is part of a wider movement calling for the Peruvian government to prolong the deadline for the legalisation of informal mining operations. The protests have affected logistics across the country, including in the gold mining region of Pataz, and are expected to cause a 0.2% drop in Peru's gross domestic product (GDP) for July 2025, according to its central bank. Arana expressed his commitment to fostering dialogue between companies and communities, although no details on the protests or their potential impact on copper output were provided in his statement. Despite the unrest, Peruvian officials are determined to end the temporary REINFO programme, which aimed to formalise informal mining, by the end of the year. The programme has faced criticism for enabling illegal mining that damages the environment, and informal miners have protested several times over its extension. A source who attended a meeting with MMG and Hudbay executives and Peru's cabinet chief expressed increasing concern over the roadblocks preventing copper-laden trucks from reaching the coast. "Large vehicles that supply and transport the mineral cannot pass," the source said. "Both companies are still operating, but they mentioned that if the situation continues for much longer, it could become complicated." Gold mining operations are also suffering in the northern region of Pataz. Poderosa's corporate affairs head, Pablo de la Flor, reported that the blockades have significantly impacted their operations: "The mining companies in Pataz are severely affected. We're now almost without food and basic supplies to operate." However, Glencore's Antapaccay copper mine, which shares the transit route, has not reported any production issues. "MMG and Hudbay warn of impact from informal miners' protests in Peru" 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
11-07-2025
- Business
- Yahoo
Exclusive-Miners MMG, Hudbay warn Peru production at risk amid wildcat protests
By Marco Aquino LIMA (Reuters) -MMG and Hudbay Minerals executives met with Peru's cabinet chief Eduardo Arana on Thursday to warn that production at their copper mines could be affected if a two-week protest by informal miners along a major transit route continues, two sources with knowledge of the matter told Reuters. Chinese firm MMG's Las Bambas and Canadian Hudbay's Constancia, in the Cusco region, are among Peru's top ten copper producers. The companies did not immediately reply to requests for comment. A person familiar with Las Bambas said the site's production remained normal for now. Arana's office in a statement on Thursday evening said he met with mining representatives, including from Hudbay and MMG, and emphasized the government's commitment to enabling dialogue between companies and communities. The statement did not provide further details about the protests, or address their potential impact on copper output. Peru is the world's third-largest copper producer, and exports most of the metal to China. Sign in to access your portfolio
CNN
12-06-2025
- Politics
- CNN
Peru is considering sending foreign prisoners to El Salvador
Peru is weighing sending what it considers highly dangerous foreign inmates to prisons in El Salvador, the prime minister said on Thursday, potentially following in the footsteps of US deportations of migrants to the Central American nation. Peruvian Prime Minister Eduardo Arana did not immediately detail what such an agreement with El Salvador would look like, but the US has paid El Salvador to imprison Venezuelan migrants it alleges are gang members. 'The government is evaluating bilateral cooperation mechanisms for the transfer of highly dangerous foreign inmates to their countries of origin, including specialized centers such as the CECOT in El Salvador,' Arana told Congress. He did not clarify whether Peru would only send Salvadoran prisoners to the nation or whether other foreign inmates could be sent as well. The prime minister's office did not immediately respond to a request for comment. The CECOT is El Salvador's notorious maximum-security prison known for its harsh conditions, which have drawn sharp outcry from human rights groups. Arana added that the Andean nation was seeking development bank financing to build more prisons of its own as it deals with overcrowding and a recent crime wave. Peru has declared states of emergency in regions across the country in recent months, including in capital Lima, to tackle crime. In May, illegal miners kidnapped and killed 13 mine workers in Peru's northern district of Pataz.
CNN
12-06-2025
- Politics
- CNN
Peru is considering sending foreign prisoners to El Salvador
Peru is weighing sending what it considers highly dangerous foreign inmates to prisons in El Salvador, the prime minister said on Thursday, potentially following in the footsteps of US deportations of migrants to the Central American nation. Peruvian Prime Minister Eduardo Arana did not immediately detail what such an agreement with El Salvador would look like, but the US has paid El Salvador to imprison Venezuelan migrants it alleges are gang members. 'The government is evaluating bilateral cooperation mechanisms for the transfer of highly dangerous foreign inmates to their countries of origin, including specialized centers such as the CECOT in El Salvador,' Arana told Congress. He did not clarify whether Peru would only send Salvadoran prisoners to the nation or whether other foreign inmates could be sent as well. The prime minister's office did not immediately respond to a request for comment. The CECOT is El Salvador's notorious maximum-security prison known for its harsh conditions, which have drawn sharp outcry from human rights groups. Arana added that the Andean nation was seeking development bank financing to build more prisons of its own as it deals with overcrowding and a recent crime wave. Peru has declared states of emergency in regions across the country in recent months, including in capital Lima, to tackle crime. In May, illegal miners kidnapped and killed 13 mine workers in Peru's northern district of Pataz.
Yahoo
12-06-2025
- Politics
- Yahoo
Peru weighs sending foreign prisoners to El Salvador
LIMA (Reuters) -Peru is weighing sending what it considers highly dangerous foreign inmates to prisons in El Salvador, the prime minister said on Thursday, potentially following in the footsteps of the U.S.' deportations of migrants to the Central American nation. Peruvian Prime Minister Eduardo Arana did not immediately detail what such an agreement with El Salvador would look like, but the U.S. has paid El Salvador to imprison Venezuelan migrants it alleges are gang members. "The government is evaluating bilateral cooperation mechanisms for the transfer of highly dangerous foreign inmates to their countries of origin, including specialized centers such as the CECOT in El Salvador," Arana told Congress. He did not clarify whether Peru would only send Salvadoran prisoners to the nation or whether other foreign inmates could be sent as well. The prime minister's office did not immediately respond to a request for comment. The CECOT is El Salvador's notorious maximum-security prison known for its harsh conditions, which have drawn sharp outcry from human rights groups. Arana added that the Andean nation was seeking development bank financing to build more prisons of its own as it deals with overcrowding and a recent crime wave. Peru has declared states of emergency in regions across the country in recent months, including in capital Lima, to tackle crime. In May, illegal miners kidnapped and killed 13 mine workers in Peru's northern district of Pataz.
