🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Peru community to attend mine blockade meet in reversal of decision

Published 21/12/2021, 04:54 am
© Reuters. FILE PHOTO: General view of a mine operated by MMG Las Bambas, in a region where locals claim mining activity has negatively affected crop yields and killed livestock, outside of Cusco, Peru October 14, 2021. Picture taken October 14, 2021. REUTERS/Angela
HG
-

By Marco Aquino and Marcelo Rochabrun

LIMA (Reuters) -A Peruvian community blocking a road used by MMG Ltd's Las Bambas copper mine will attend a government-brokered meeting set for Tuesday, a representative said, backtracking from a previous decision to boycott it.

"In order to stop people from demonizing the communities as uncompromising, it's been decided to attend the meeting," said Victor Villa, a legal adviser for residents of Chumbivilcas, whose month-long blockade forced Las Bambas to suspend production last week.

Las Bambas said earlier on Monday it does not plan to initiate legal action against Peru "for the time being" over the blockade. The mining sector has previously called on the government to send law enforcement to remove the blockade.

The meeting is the government's latest attempt to defuse the situation without resorting to a state of emergency, which would suspend civil liberties.

The current blockade has been in place since Nov. 20 by residents of the Chumbivilcas province who complain that the mineral wealth of the mine simply bypasses them and want the company to provide more jobs and money for the area.

The government had tried to broker a meeting between the parties last week, but Villa called the available proposal "a joke" and did not attend.

Peru is the world's no. 2 copper producer and Las Bambas accounts for 2% of world copper supply.

Las Bambas' vice president of legal affairs, Claudio Caceres, said that company representatives were planning to attend the government-convened meeting on Tuesday with the Chumbivilcas communities.

© Reuters. FILE PHOTO: General view of a mine operated by MMG Las Bambas, in a region where locals claim mining activity has negatively affected crop yields and killed livestock, outside of Cusco, Peru October 14, 2021. Picture taken October 14, 2021. REUTERS/Angela Ponce

"Currently we're mainly committed to being able to restart a constructive and real dialogue, at the moment we're not thinking of taking legal action," Caceres said in an interview with local radio station RPP.

The Chinese-owned mine has been a flashpoint of protests since it began operations in 2016.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.