Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Chakana Copper Corp V.PERU

Alternate Symbol(s):  CHKKF

Chakana Copper Corp. is a Canada-based minerals exploration company. The Company is engaged in advancing the Soledad Project located in the Ancash region of Peru. The Soledad Project is notable for the high-grade copper-gold-silver mineralization that is hosted in tourmaline breccia pipes. The Soledad project is located in Ancash province of central Peru, approximately 260 kilometers (km) north-northwest of Lima and 35 km south of Barrick’s Pierina mine. The project is part of the Ticapampa-Aija Mining District in the Cordillera Negra. It also holds an option interest in other mineral concessions owned by Minera Barrick Misquichilca S.A. Its wholly owned subsidiary is Chakana Resources S.A.C.


TSXV:PERU - Post by User

Post by Magnum2on Mar 02, 2022 11:46pm
170 Views
Post# 34477744

Peruvians have their hands out...

Peruvians have their hands out...

Peruvian community blocks road used by MMG copper mine, source says

Kitco News

By Marcelo Rochabrun LIMA, March 2 (Reuters) - A community in the Peruvian Andes has blocked a key transport road used by MMG's Las Bambas copper mine, a source close to the Chinese company said on Wednesday, in what is at least the third blockade to affect the firm this year.

 


The community of Urinsaya, in the province of Espinar, some 250 km (155 miles) from Las Bambas, blocked the road on Tuesday, the source said on condition of anonymity.

 


Reuters was unable to reach a representative in Urinsaya, although Flavio Huanque, the leader of another nearby community in Espinar, confirmed the blockade and said Urinsaya was seeking financial contributions from Las Bambas.

 


Las Bambas produces 2% of the world's copper and is key to Peru's economy, itself the world's No. 2 producer of the red metal.

 


But the dirt road used by Las Bambas is notoriously contentious. It traverses dozens of impoverished Andean communities that have blockaded it to protest what they see as the mine's failure to improve their lives and the polluting of their crops by its trucks.

 


Since Las Bambas opened in 2016, communities have blocked the route on and off for more than 430 days. Reuters reported earlier this year that conflicts affecting Las Bambas were extending further and further away from the mine, as more communities demand that benefits from mining activities trickle down. Urinsaya is about a four-hour drive from Las Bambas.

 


Earlier this year, the government and Las Bambas reached a deal with the community of Ccapacmarca to lift a blockade that caused the miner to slow down operations. Late last year, another blockade triggered a full shutdown at the mine that lasted for more than a week.

 


The recurrent blockades have also weighed on the shares of Chinese-owned MMG and affected its copper output.

 


(Reporting by Marcelo Rochabrun Editing by Paul Simao)

<< Previous
Bullboard Posts
Next >>