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

Higher Gold Prices Are Changing What Counts as a Real Discovery | Mike Bennett – Altamira Gold

Why Silver Still Hasn’t Seen the Real Mania | Craig Hemke

Why Copper Needs a Much Higher Price to Fix the Supply Problem | Greg Ferron – PTX Metals

Recommended

Goliath Resources Kicks Off Fully Funded 50,000 Metre Drill Program At Surebet

First Phosphate Lifts Bégin-Lamarche Indicated Tonnage by 378% In Latest Resource Update

Related News

Libero Copper Intersects 1,229 Metres Of 0.42% Copper At Mocoa

Libero Copper & Gold (TSXV: LBC) has finally received the remainder of its assay results...

Tuesday, April 26, 2022, 07:59:36 AM

Aliens In Peru: Real Or Fake?

In an X (fka Twitter) thread, a former colleague at National Science Foundation, Clint Ehrlich,...

Friday, September 15, 2023, 02:19:00 PM

Deep-South Claims Misunderstanding On Namibia Denying Haib Copper License Renewal

Deep-South Resources Inc. (TSXV: DSM) announced late Wednesday that it has received notice from Namibia’s...

Thursday, June 17, 2021, 09:09:30 AM

Max Resource Identifies Silver Bearing Copper Sulfides and Native Silver At Cesar

Max Resource Corp (TSXV: MXR) this morning provided an update to the market in relation...

Tuesday, August 25, 2020, 09:15:39 AM

Where Are Copper Prices Heading In 2023? — With Daniel Earle

Joining us on the Daily Dive today is Daniel Earle, president & CEO of Solaris...

Wednesday, November 30, 2022, 01:30:00 PM