Yesterday, copper prices in Peru began to fall due to the announcement that access to Las Bambas deposit would resume operations after an intervention from the Government, said Gestión.
“The Peruvian government offered to end the state of emergency in a conflict zone in exchange for the community protesting against the Las Bambas mine of the Chinese company MMG Ltd to stop its measure of force, Prime Minister Salvador del Solar said Monday”, you can read in the aforementioned website.
As it was known, the residents of Fuerabamba have been blocking the road that MMG uses to transport copper from the deposit to an export port for almost two months, in demand of economic compensation for the use of their farmland.
Copper is Peru’s main export product and in 2018 it reached 2.43 million tons.
(Cover Photo Archive)
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