Another Peru Mine Shuts Operations as Anti-Government Protests Gain Momentum

Buenaventura, a Peruvian mining company, has halted mining operations at its Julcani mine amid worsening anti-government protests.

According to a company statement, a group of protesters vandalized its silver mine located in the province of Angaraes, Huancavelica, and threatened the workers and stole some of the company’s belongings. “In order to ensure the integrity of the workers, the Julcani Unit has begun the demobilization of all personnel and has suspended its operations until security conditions are adequate,” Buenaventura said.

This is not an isolated incident in the country, as other miners have also been affected by the protests. Last month, vandals attacked Glencore’s Antapaccay copper mine, while Chinese miner MMG announced last month that its Las Bambas mine is preparing to suspend production in wake of road blockades that halted transportation of key materials.

The anti-government protests have created a challenging environment for miners operating in Peru, leading to disruptions in production and suspension of operations.

Information for this briefing was found via Reuters and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver Is in a New Price Regime, and the Market Isn’t Used to It | Keith Neumeyer – First Majestic

Agnico Eagle Just Made a Massive Gold Land Grab

A Copper-Gold Deposit Caught the White House’s Attention | Rob McLeod – Cambria Gold

Recommended

Antimony Resources Expands Footprint as Soil Sampling Lights Up Ground South of Bald Hill

Mercado Drills 256 g/t Silver Over 6.5 Metres In First Drill Hole of Inaugural Program

Related News

Copper Prices Surge As China Stockpiles Amid Supply Concerns

China, the world’s largest copper importer, has been actively stockpiling the industrial metal in response...

Monday, May 20, 2024, 08:18:35 AM

Global Copper Market to Hit Deficit of 200,000 Tonnes by 2024

As construction sectors across developed economies continue to experience significant growth amid the pandemic, and...

Sunday, November 22, 2020, 11:37:00 AM

The Drill Core That Got Newmont & Eric Sprott Hooked | Metallic Minerals with Scott Petsel

In this interview at the Commodities Global Expo 2024, Scott Petsel, President of Metallic Minerals...

Friday, October 25, 2024, 01:05:00 PM

Chinese Mining Giant Opens Gold, Copper Fund to Hong Kong Investors

Chinese mining conglomerate Zijin Mining Group opened its gold and copper investment fund to professional...

Friday, May 23, 2025, 07:37:40 AM

Why Copper Needs $6/lb Before New Mines Get Built | Altius Minerals with Brian Dalton

In this interview, Brian Dalton, CEO of Altius Minerals Corporation (TSX: ALS), provides comprehensive insights...

Wednesday, November 20, 2024, 03:01:00 PM