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

Copper Prices Hit 7-Month High As Peru Protests Chokehold Supply

Copper futures have reached past the $4.20 per pound mark, the highest level in seven...

Friday, January 20, 2023, 03:36:00 PM

IEA Warns Copper Supply to Face 30% Deficit by 2035

The world faces a critical copper shortage within a decade that could derail global energy...

Friday, December 5, 2025, 12:53:00 PM

Max Resource Further Expands Cesar Copper-Silver Project To 2,500 Square Kilometres

Max Resource Corp (TSXV: MXR) this morning issued a brief press release, outlining that the...

Wednesday, February 17, 2021, 08:03:51 AM

Adventus, Salazar Intersect 11.55% Copper Equivalent Over 16.86 Metres At El Domo Deposit

Adventus Mining Corporation (TSXV: ADZN) and Salazar Resources Limited (TSXV: SRL) announced this morning the...

Wednesday, May 12, 2021, 08:03:20 AM

Copper Prices Set to Soar: Analysts Predict All-Time High in Q4 2024

The copper market is showing signs of an impending surge. Market experts at Fastmarkets have...

Tuesday, October 15, 2024, 08:20:00 AM