Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

MMG’s Las Bambas copper mine got a 60-day relief from the recent road blockage in Peru after the country’s new prime minister Guido Bellido promised to mediate for an amicable resolution between the two parties by the end of September 2021. 


Bellido requested a truce to allow him time to understand the issues and engage the protesters and the company in the Cusco region. Residents of this region in the Chumbivilcas Province are seeking greater regional benefits of the mining rights exercised by MMG and a toll style revenue from the road that intersects the community. The new mining minister in Peru, Ivan Merino Aguirre, also recently met with MMG over this issue.


The 400,000mt per year Las Bambas mine is operated by China’s MMG through its Australian arm. 

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