Protests hinder copper shipments in Peru

11:30 AM | January 8, 2021 | Hui Min Lee

Prolonged protests by the local community have hindered the copper concentrate shipment from the Las Bambas copper mine. According to reports quoting a Peruvian mining association official, the blockade of a road close to the mine has prevented the export of close to 190,000 t of the raw material, which is worth $530 million. The official said the company could stop production in coming days as the protests continue.

Las Bambas copper mine has said last week that it has declared force majeure on some supply contracts. The mine said in late December that the local community have blocked a road for the last two weeks and have “rejected any possibility of dialogue”.

Located in southern Peru, Las Bambas is one of the world's largest copper mines. It produced 131,698 metric tons of copper concentrate in the first half of this year.