Free Trial

Las Bambas Halts Copper Transport, Cusco Airport Closed

PERU
  • MMG Ltd’s Las Bambas has halted copper concentrate transportation due to security concerns amid ongoing protests in Peru, which are centred in the Andean regions around the huge Chinese-owned mine, a source familiar with the information said.
    • Scotiabank note that this is one of the first clear signs of disruptions to the extraction sector this year compared to December’s protests that had a bigger economic drag.
  • The government has also closed the Cusco international airport temporarily (as it did in December) as “a preventative measure” after a protestor died on Wednesday as a group attempted to take over the airport.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.