Open road for MMG copper mine

MMG announced that a blockade in the Ccapacmarca community of Peru, which has caused transport disruptions for its Las Bambas copper mine in the Chumbivilcas province, will be lifted for 45 days.

During that time, the Peruvian government will follow-up requests including the territorial status of the public road, the process of the fourth amendment of the Las Bambas environmental permit, and the establishment of a local joint working group. 

The miner will plan for the implementation of social development activities in four communities: Ccapacmarca, Sayhua, Tahuay and Huascabamba.

The blockade forced Las Bambas to operate at a reduced capacity last week with the possibility of suspending all operations by February 20. However, with the release of all other intermittent roadblocks impacting the Las Bambas mine, MMG said logistics, transport and production are set to ramp up to normal levels over the coming days.

Las Bambas is a joint venture project between the operator MMG (62.5%), Guoxin International Investment (22.5%) and state-owned CITIC Metal (15.0%).

Sources: MMG and Reuters

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