Peruvian communities agree to lift road blockade affecting Las Bambas mine
LIMA - Peruvian residents living near MMG's Las Bambas copper mine agreed on Wednesday to lift a road blockade affecting the company's metal shipments, following a public meeting with Prime Minister Mirtha Vasquez.
At the meeting, Vasquez said Las Bambas would begin transferring tax funds to the region where the mine is located in January, a key demand from residents who say the local mineral wealth has not translated to better living conditions.
"As a sign of good faith, we ask that you clear the roads," Vasquez said at the meeting with residents of the Cotabambas province.
Las Bambas has yet to pay the tax transfers because under Peruvian law those funds are only due after the company recovers its initial investment. While Las Bambas began operations in 2016, its initial investment was $10-billion.
MMG did not immediately respond to a request for comment on whether shipments had resumed, or when they would resume.
Las Bambas is Peru's fourth largest copper mine, responsible for about 2% of global supply.
Vasquez is a lawyer who has in the past defended rural communities in conflicts with mining companies, including the Cotabambas province in its longstanding dispute against Las Bambas.
"We are really conscious of the fact all your demands are legitimate and that we should try to resolve them," she said during the meeting.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
The Beneficiation Academy is a certified training institution that follows all compliance legislation and is accredited with various Sector...
VISIT SHOWROOM
The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
