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

Why Silver’s Next Move May Be Built on a Much Stronger Base | Mani Alkhafaji – First Majestic Silver

Guanajuato Silver Q1 Earnings: They Finally Post Positive Net Income

We’re in a New Era of Gold Price Discovery | Ryan King – Equinox Gold

Recommended

Mercado Minerals Drills 1,120 g/t Silver Equivalent Over 1.20 Metres At Copalito

Goliath Resources Targets Expansion, Motherlode Source in 50,000 Metre Surebet Drill Program

Related News

How One Mining Stock Delivered 3,200% Returns | Wojtek Wodzicki – NGEx Minerals

In this interview, Wojtek Wodzicki, CEO of NGEx Minerals (TSX: NGEX), reveals the remarkable transformation...

Saturday, April 26, 2025, 09:26:00 AM

Rio Tinto-Glencore Merger Reportedly In Discussion, Poised To Topple BHP As Largest Copper Miner

An industry-shifting movement in the global mining space could happen as Rio Tinto (LON: RIO)...

Friday, January 17, 2025, 10:01:04 AM

Foran Mining Raises $100 Million Via Investment From Fairfax Financial

Foran Mining Corp. (TSXV: FOM) announced this morning that it has entered an agreement with...

Tuesday, May 25, 2021, 08:08:00 AM

C3 Metals Inc: First Mover in Jamaica’s Copper-Gold Exploration

In this interview at the Precious Metals Summit 2024, Dan Symons, President and CEO of...

Friday, September 13, 2024, 04:38:00 PM

Max Resource Reveals Results of Structural Interpretation At AM North Cesar Project

Max Resource Corp (TSXV: MXR) this morning revealed results of a structural interpretation at its...

Tuesday, June 9, 2020, 09:01:04 AM