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

Agnico Q1 Earnings Results Overshadowed By A Sinking Gold Price

Why More People Are Starting to Feel Broke | Darrell Thomas – VRIC Media

Newmont Q1 Earnings: A Billion In Free Cash Flow… A Month!

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

Max Resource Discovers New Copper Mineralization At Cesar North

Max Resource Corp (TSXV: MXR) this morning announced that it has discovered a new type...

Wednesday, March 3, 2021, 07:15:31 AM

Copper Project: Once In a Lifetime Geologist Dream – Giant Mining’s Majuba with Buster Hunsaker

In this insightful interview, Buster Hunsaker, Technical Advisor & Sr. Geologist of Giant Mining Corp....
Wednesday, July 24, 2024, 01:44:00 PM

Adventus, Salazar Intersect 26.8% Copper Equivalent Over 9.1 Metres

Adventus Mining Corporation (TSXV: ADZN) and Salazar Resources Limited (TSXV: SRL) today released their final...

Tuesday, June 15, 2021, 08:29:43 AM

Max Resource Assays 34.4% Copper, 305 G/T Silver Over 0.5 Metres of Continuous Outcrop At Cesar Project

Max Resource Corp (TSXV: MXR) this morning released new outcrop values from its wholly-owned Cesar...

Wednesday, July 29, 2020, 08:41:04 AM

Peru’s Q1 2024 GDP Rises 1.4% on Strong Public Investment

Peru’s economy shows signs of recovery in the first quarter of 2024 after facing challenges...

Tuesday, May 28, 2024, 12:49:00 PM