Challhuahuacho kicked off new round of strike against Peru’s Las Bambas copper mine

Published: Jan 30, 2020 13:16
On January 20, residents of Challhuahuacho conducted a 48-hour strike, in protest against MMG Limited, violating its commitments in their agreements

SHANGHAI, Jan 30 (SMM) – On Monday January 20, residents of Challhuahuacho in Peru conducted a 48-hour strike, in protest against MMG Limited who operates Las Bambas copper mine, violating its commitments in their agreements.

According to reports by the Peruvian media, the strike was aimed to call for reconsideration of the government and mining company, and prompt them to fulfill their commitments. Jacinto Lima Lucas, president of federation of indigenous communities said that Challhuahuacho is a town of “extreme poverty”, with most residents living below the poverty line. "The government has promised to establish 33 projects, but nothing has materialised. We have called for a strike to the State and the mining company to decide on their commitments made since 2012.”

Lucas cited a commitment by the ministry of agriculture to build five dams. The Peruvian government has promised to invest 7 million soles (around $2.09 million) to study the technology archive, which should have been done by 2017. He also said that the Las Bambas mining company was not in conformity with its work, social responsibility and commitment in the Challhuacho.

Lucas also warned that an indefinite strike would commence from January 27 if no response was heard. The potential strike is likely to disrupt copper concentrate shipments or supply from Las Bambas mine, which will weigh on treatment charges for spot copper concentrate trades. 

Background

The Las Bambas copper mine faced several rounds of community protests in 2019. On February 4, the Outsidebamba community blocked a 12-km national road that crosses through the Yavi Yavi farm in Cuzco and leads to the port of Matarani. Subsequently, the Chumbivilcas community in Cuzco banned vehicles from passing through the mining corridor on September 22 and demanded the repeal of the MTC supreme decree, which made the transportation corridor a national highway. Trucks of MMG Las Bambas mining company were unable to drive on the road due to the blockage. According to MMG, it is currently working on the construction of a mini-pipeline so that it can transport copper concentrate from Apurimac to the port of Matarani in Arequipa.  

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
16 hours ago
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Read More
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan
16 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
16 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Read More
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.
16 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
16 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Read More
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."
16 hours ago