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Reuters
5 days ago
- Business
- Reuters
Miners lift blockades along Peru's key copper route, protest leader says
LIMA, July 15 (Reuters) - Miners in Peru who have been allowed to operate with temporary permits have paused protests that blocked a major copper transit route for more than two weeks, one of the protest leaders, Luis Huaman, told Reuters on Tuesday. He said they planned to suspend the protest at least through Friday, while continuing to press the government for a way to extend their permits. Peru's government has been working to end the program for operations known as "informal," which was created over a decade ago and meant to be temporary, but workers in the sector say the stricter regulations to operate legally are too onerous. The protests began throughout Peru in late June, including blocking a road in the Cusco region that is used by major miners MMG ( opens new tab, Glencore (GLEN.L), opens new tab and Hudbay Minerals ( opens new tab, whose mines are among the top 10 copper producers of Peru. The Andean nation is the world's third-biggest copper producer. The Ministry of Energy and Mines is aiming to bring more than 31,000 informal miners in line with regulations by the end of the year, after removing more than 50,000 others from the program earlier this month. The ministry said at least 45,000 of those hadn't registered any activity in the last four years. "It's a truce," Huaman said. A committee of informal miners and various government representatives were scheduled to meet in Lima on Friday to discuss the matter, but protesters would "resume the blockade on the mining corridor" if the outcome was not in their favor, he said. Huaman said the protesters want the government to ensure a way for informal operations to continue, and said they will restart the protest if an agreement isn't reached by Friday. China's MMG and Canada's Hudbay last week told top government officials their production could be impacted if the protests were to continue.
The Sun
6 days ago
- Business
- The Sun
Peru miners suspend protests, unblock key copper route
LIMA: Miners in Peru who have been allowed to operate with temporary permits have paused protests that blocked a major copper transit route for more than two weeks, one of the protest leaders, Luis Huaman, told Reuters on Tuesday. He said they planned to suspend the protest at least through Friday, while continuing to press the government for a way to extend their permits. Peru's government has been working to end the program for operations known as 'informal,' which was created over a decade ago and meant to be temporary, but workers in the sector say the stricter regulations to operate legally are too onerous. The protests began throughout Peru in late June, including blocking a road in the Cusco region that is used by major miners MMG, Glencore and Hudbay Minerals, whose mines are among the top 10 copper producers of Peru. The Andean nation is the world's third-biggest copper producer. The Ministry of Energy and Mines is aiming to bring more than 31,000 informal miners in line with regulations by the end of the year, after removing more than 50,000 others from the program earlier this month. The ministry said at least 45,000 of those hadn't registered any activity in the last four years. 'It's a truce,' Huaman said. A committee of informal miners and various government representatives were scheduled to meet in Lima on Friday to discuss the matter, but protesters would 'resume the blockade on the mining corridor' if the outcome was not in their favor, he said. Huaman said the protesters want the government to ensure a way for informal operations to continue, and said they will restart the protest if an agreement isn't reached by Friday. China's MMG and Canada's Hudbay last week told top government officials their production could be impacted if the protests were to continue. - Reuters
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.
