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

How to Still Find 10-Bagger Gold and Silver Stocks | Don Durrett

First Majestic Silver: Jerritt Canyon Is BACK!

Canada May Finally Be Backing Its Battery Supply Chain | John Passalacqua – First Phosphate

Recommended

Silver47 Pulls High-Grade Gold and Silver Assays from Nevada Vein Network At Kennedy

Canadian Gold Resources Taps Chernin as Interim CEO in Planned Transition

Related News

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

Copper Shortage Sparks Negotiations As Traders Reconsider Industry Norms

In a notable shift within the copper industry, leading commodity traders Glencore and Trafigura are...

Sunday, January 21, 2024, 09:31:00 AM

Max Resource Expands Conejo Zone To 3.7 Kilometres

Max Resource Corp (TSXV: MXR) this morning reported further assay results from the ongoing exploration...

Wednesday, November 3, 2021, 07:43:04 AM

Chile Elects a Socialist New President, Is The Copper Mining Industry At Risk?

On December 19, Gabriel Boric, a 35-year-old leftist candidate and former student protest leader, decisively...

Tuesday, December 21, 2021, 03:49:00 PM

Western Copper and Gold Reports $2.3 Billion After Tax NPV For Casino Deposit

Western Copper and Gold Corporation (TSX: WRN) shared today the results of its preliminary economic...

Tuesday, June 22, 2021, 09:58:00 AM