MMG: Peruvian copper concentrate shipments to restart as soon as next week

SMM: Minmetals Resources (MMG) said Friday that its Peruvian Las Bambas copper mine will resume shipping copper concentrate to the port as soon as next week.

Earlier this month, the company informed its customers that the performance of some copper concentrate shipping contracts had been met by force majeure as Peru restricted transport operations as part of the country's response to the Xinguan pneumonia epidemic.

Shipments of copper concentrate from Peruvian copper mines to ports are expected to resume as soon as next week, according to Geoffrey Gao, the company's chief executive.

He said on a conference call that shipments from the port had not been hampered by epidemic prevention and control measures.

The company said on Thursday that copper production fell 20 per cent in the first quarter from a year earlier as production at Las Bambas copper mine, which was declared force majeure due to epidemic-related restrictions, was below planned levels.

"affected by the epidemic, MMG copper production fell 20 per cent in the first quarter from a year earlier.

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