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Output at Peru copper mine could fall due to road blockade - MMG

Mining News - Published on Thu, 14 Mar 2019

Image Source: wikipedia.org
Reuters cited production at Chinese miner MMG Ltd’s Las Bambas copper deposit in Peru could fall “in the near term” due to a month-long road blockade by a community that was relocated to build the mine. MMG, controlled by state-owned China Minmetals Corp Ltd, said it had run out of stock at the Peruvian port of Matarani and had warned customers of delays to shipments. MMG said in a statement, calling the blockade “illegal, said that “Production continues at site, however, failure to resolve the situation, or any escalation, could impact on production in the near term.” The indigenous community of Fuerabamba has said the company built the unpaved road on the community’s farmland without its permission, and that the government illegally made it a national highway last year to help the company.

Mr Gregorio Rojas, the president of Fuerabamba, told Reuters late on Friday that the community asked MMG for 40 million soles for the rights to the road, which the company uses to truck copper concentrates from Las Bambas to Matarani. An effort by the Peruvian government to mediate the dispute failed last week, after Fuerabamba declined to end the blockade as a condition to discussing its demands with the company

Mr Raul Molina, the Cabinet official who led negotiations, was not available for comment on Monday, his assistant said. It was unclear if Molina would remain in his post after President Martin Vizcarra swears in a new prime minister in a Cabinet shuffle later on Monday.

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Posted By : Rabi Wangkhem on Thu, 14 Mar 2019
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