OTCPK:CPPMF - Post by User
Post by
samsonr20on Apr 18, 2022 7:37pm
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Mining problems persist in South America
Mining problems persist in South America MMG Ltd’s Las Bambas copper mine in Peru has suspended operations after residents of a nearby community entered company property as part of a protest, Raul Jacob, the president of local mining chamber SNMPE, told reporters on Monday.
Las Bambas accounts for 2% of global copper supply and is the subject of recurring disruptions from impoverished nearby communities that are demanding higher financial contributions from the mine. The mine was forced to slow down operations earlier this year due to a road blockade.