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

Gold and Silver May Be Ready for Another Run | Shawn Khunkhun – Contango Silver & Gold

Silver Is Strong Again, and This Producer Is Ramping Up | Arturo Prestamo – Santacruz Silver

Gold Giant Agnico Eagle Makes a Critical Minerals Bet | Avenir Minerals x Fox River

Recommended

Altamira Gold Extends Maria Bonita Porphyry System Westward With 70.6 Metres At 0.51 g/t Hit

Antimony Resources Reports 13.9% Antimony in Latest Drill Core at Bald Hill

Related News

Spruce Ridge Releases Final Assays From Copper-Focused Drill Program

Spruce Ridge Resources (TSXV: SHL) this morning reported the final assay results from its 2020...

Thursday, March 18, 2021, 09:32:35 AM

Market Movers: Copper Road Jumps 57% After Hitting 50 Metres Of 1.00% Copper Equivalent

Copper Road Resources (TSXV: CRD) is a major market mover this morning, trading over 5.18...
Thursday, November 30, 2023, 10:29:33 AM

BHP Says Copper Sector Needs $250 Billion Investment by 2034

The global mining industry will need to invest $250 billion over the next decade to...

Monday, November 18, 2024, 12:51:00 PM

Max Resource Acquires Underlying Royalties On Cesar Project

Max Resource Corp (TSXV: MXR) this morning made a brief announcement to the marketing, identifying...

Tuesday, November 24, 2020, 07:30:28 AM

Max Resource Sees Eric Sprott Take $1.92 Million Of Oversubscribed $6.5 Million Financing

Max Resource Corp (TSXV: MXR) has seen famed mining financier Eric Sprott take down $1.92...

Monday, October 26, 2020, 07:44:14 AM