Peru's government is expecting copper shipments to normalize within days. mining miningnews
The government of Peru, the second-biggest producer of copper and zinc, expects that shipments of the commodities will begin to normalize within days as the“The issue of protests has been reduced to a minimum at this time,” Oscar Vera, newly-appointed energy and mines minister, said in an interview. “The mining corridor is now open and in the coming days, mineral will begin to be taken out.
To be sure, unrest lingers in some areas. In Puno, home to some of the worst protests, roadblocks have continued even after those in other mining regions were lifted. While Minsur SA’s giant San Rafael tin mine has restarted operations after a 45-day halt, it’s still a long way from full capacity. With blockades at a minimum, Las Bambas will probably resume copper transport “between today and tomorrow,” Vera said. He said he’s hoping there’ll be a lasting solution with a military presence along roads and authorities on the ground to make sure mine commitments are met. There are also proposals to change the route used to transport ore to port.
The government has identified a total of $6.9 billion in mining investments this year and next, made up of seven likely projects. Still, there are some projects, such as Southern Copper Corp.’s Tia Maria, that while technically sound, require further work to convince local communities of the benefits, he said.Vera defended state-owned Petroleos del Peru SA’s plans to resume drilling in the Amazon rainforest at what was once the nation’s largest and leakiest oil field.
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