Las Bambas Copper Mine in Peru to close production by mid-December

Published: Dec 4, 2021 08:23
[the Las Bambas copper mine in Peru will close production by mid-December] production at the Las Bambas copper mine in Peru will be closed by mid-December due to road closures. Company executives urged the government to build a freight railway to avoid future disruptions. "Freight railways have gained strong social recognition," said Carlos Castro, director of Las Bambas affairs. Las Bambas is one of Peru's largest copper mines, but executives say its operations have been suspended for nearly 400 days since it began operating in 2016.

Foreign news on December 3, due to the road blockade, Peru's Las Bambas copper mine will be closed in mid-December production. Company executives urged the government to build a freight railway to avoid future disruptions.

"Freight railways have gained strong social recognition," said Carlos Castro, director of Las Bambas affairs.

Las Bambas is one of Peru's largest copper mines, but executives say its operations have been suspended for nearly 400 days since it began operating in 2016.

The focus of the debate is a dirt road used by Las Bambas to transport copper from the mine to a seaport. Communities along the road oppose this mode of transportation, claiming that it has an impact on the environment and society. The last time Las Bambas faced the threat of a shutdown was in October.

Executives say the dirt road cannot last into the future, the government has a responsibility to lay it in the medium term, and in the long run, a separate freight train line will be the best solution.

The government led by Pedro Castillo, a Peruvian socialist, has approved the railway, but the government's cost is estimated to be as high as $9.2 billion and will not be operational until 2028 at the earliest.

In July, Las Bambas said it expected production in 2021 to be at the low end of its forecast of 31-330000 tons.

Las Bambas produces 400000 tonnes of copper a year, accounting for about 2 per cent of global copper production.

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"
Feb 6, 2026 23:56
"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
Feb 6, 2026 23:56
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Feb 6, 2026 23:54
"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.
Feb 6, 2026 23:54
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Feb 6, 2026 23:47
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."
Feb 6, 2026 23:47
Las Bambas Copper Mine in Peru to close production by mid-December - Shanghai Metals Market (SMM)