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

Crossroads Gold Closes Rox-ex Acquisition, Adds Pambula and Club Terrace to Australian Pipeline

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

Related News

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 Releases Initial Results From AGH Study On Cesar Project

This morning, Max Resource Corp (TSXV: MXR) reported initial results from the currently ongoing study...

Tuesday, May 26, 2020, 08:33:11 AM

Max Resource Corp Reports On Further Sample Assays From CESAR

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

Tuesday, August 10, 2021, 08:10:15 AM

Los Andes Copper Closes On US$5 Million Convertible Debt Financing

Los Andes Copper Ltd. (TSXV: LA) today reported on the closing of their convertible debenture...

Thursday, June 3, 2021, 09:44:00 AM

MMG Warns Of Forced Production Halt At Las Bambas Mine Due To Peru Protests

Chinese miner MMG announced on Monday that the Las Bambas mine in Peru will likely...

Monday, January 30, 2023, 11:33:00 AM