Sandra Ulbrich

Main Menu

  • Palladium
  • US Steel Prices
  • Iron Prices
  • Copper Prices
  • Saving Investment

Sandra Ulbrich

Header Banner

Sandra Ulbrich

  • Palladium
  • US Steel Prices
  • Iron Prices
  • Copper Prices
  • Saving Investment
Copper Prices
Home›Copper Prices›Peruvian community to restart blockade of Las Bambas mine road

Peruvian community to restart blockade of Las Bambas mine road

By Brian D. Smith
February 14, 2022
0
0

The threat leaves Las Bambas still at risk of suspending operations, even as the road was cleared on Sunday. Ccapacmarca district leaders have agreed to lift their blockade for 45 days following a meeting with new Prime Minister Anibal Torres.

A few minutes after the truce, the leaders of the district of Coporaque, who briefly blocked the road so this week released their own statement.

“Good for our Ccapacmarca brothers. During this time, Las Bambas will not pass through Coporaque,” ​​the Coporaque Defense Front said in a Facebook post.

Related Reading: Goldman sees copper price ‘breakout’, risk of ‘episode of extreme scarcity’

Front member Roger Condo told Reuters the road is currently clear but they will meet on Monday to plan the blockade.

The road leading to Las Bambas is a hotbed of protests. Dozens of impoverished Andean communities lie along the 400 km winding dirt road, who have often complained that the mine trucks are polluting the environment as the company has failed to improve their quality of life.

Ccapacmarca and Coporaque demand that Las Bambas contribute more to their respective communities.

Since its opening in 2016, the mining road has been blocked for more than 400 days by several different groups, affecting the mine’s copper production.

Recent lockdowns have become a major headache for the leftist government of Pedro Castillo, which has promised to prioritize the needs of marginalized Peruvians but also needs mining tax revenues to fund social programs.

Las Bambas alone accounts for 1% of the country’s gross domestic product and already suspended operations in December due to a blockade.

(By Marcelo Rochabrun; Editing by Grant McCool)

Related posts:

  1. How tightening supplies to copper mines are pushing prices to record highs
  2. Copper prices fall – Markets
  3. Excelsior Mining: the stock underperformed despite strong copper prices
  4. Cochilco in Chile raises copper price forecast for 2021

Recent Posts

  • Southern Palladium has delayed secondary listing date on JSE
  • Here are the 10 cheapest stocks in the S&P 500 index
  • Ground Breakers: ‘War drones’ and ‘smart mines’ on Australia’s richest woman’s wishlist
  • Africa’s domestic mining sector not severely affected by Russia sanctions – report
  • Everclear Announces 30th Anniversary Tour and Five New York Concerts

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • March 2021

Categories

  • Copper Prices
  • Iron Prices
  • Palladium
  • Saving Investment
  • US Steel Prices
  • Terms and Conditions
  • Privacy Policy