The Nueva Fuerabamba community is pushing for laws that decriminalize their protests.
MMG Mining News
The Nueva Fuerabamba community is willing to organize a new blockade if the government doesn’t archive the criminal complaints filed against members of his community taking part in the protests against Las Bambas in Peru.
Due to the conflict, some 8,000 people were being prevented from working at the mining complex.
The ruling promises to further polarize a dispute between MMG and the village of Fuerabamba in Peru’s southern copper belt.
Since early February, the Indigenous community of Nueva Fuerabamba has been blocking a national highway called Corredor Minero del Sur.
Mediated talks between representatives of the community and the company ended with no agreement on Thursday.
Expectations for a rise in zinc concentrate supplies in coming years have driven down the metal price to one-year lows, but smelting capacity constraints suggest the sell-off is premature.
The companies are committed to explore for mineral deposits first in the Asian country and then the rest of the world .
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Strike at Escondida, export ban and smelter problems at Grasberg and community clashes at Las Bambas.
The move is part of the new government's strategy to rebuild trust on the project following deadly protests that halted exports from the mine in October.
The process of restoring calm in local communities and the re-opening of essential infrastructure is now underway, said the miner Monday.
He is the first person to die in clashes over mining under new President Pedro Pablo Kuczynski.
The country expects around $56 billion worth of mining projects to come on stream this year.
The company shipped roughly 10,000 tonnes of copper concentrate from Las Bambas from the Port of Matarani to China on Jan. 15.
The copper mine, one of the world's biggest, is on track to begin production in the first quarter of 2016, despite weak prices and relentless protests against the project.
State of emergency declared at Las Bambas.
This is the first statement in which MMG has confirmed its intention to buy Las Bambas.
Las Bambas copper mine, located in Peru, is expected to fetch between $5 and $6 billion.
Peruvian copper mine Las Bambas expected to fetch $5-6 billion.
Despite the gloomy results, the commodities giant revenues for the year jumped 9% to $232.6 billion
Analysts question the remaining bidder's ability to finance the project.