trending Market Intelligence /marketintelligence/en/news-insights/trending/sswhHp9Jiz-OffS9Pow_QQ2 content esgSubNav
In This List

MMG to declare force majeure on copper shipments from Las Bambas mine

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023

Video

Battery metals - unbated long term need for supply security despite short-term headwinds


MMG to declare force majeure on copper shipments from Las Bambas mine

MMG Ltd. said March 26 that it will declare force majeure under sales contracts for copper produced at the Las Bambas mine in Peru after protests by the local Fuerabamba community is expected to "progressively impact" production.

Protests made by the local community near the entrance of the mine is now disrupting the transport of personnel, as well as inbound and outbound logistics of the operation, the Chinese miner said.

Earlier this month, MMG flagged possible shipment delays if a road blockade near the Las Bambas mine continues. The Fuerabamba community claimed the miner built the road on its farmland without consultation, and the government illegally turned it into a state highway.

In a same-day report, the Fuerabamba community in Peru vowed not to participate in negotiations aimed at ending a road blockade at Las Bambas following the arrest of its president and its lawyers over allegations of extortion, Reuters reported, citing Edison Vargas, the community's vice president.