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Roadblocks Easing Should Release Stranded Copper
- The government of Peru expects that shipments of both copper and zinc will begin to normalize within days as the nation’s worst street protests in decades ease.
- “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.”
- Speaking on the sidelines of a conference in Toronto on Monday, Vera said authorities eased tensions by establishing lines of communication with communities and understanding their concerns.
- Vera on Tuesday affirmed that the Peruvian delegation at PDAC 2023 is promoting the country's huge mining potential and investment opportunities. He reiterated that Peru has a portfolio of mining projects worth about US$53 billion, which is expected to create jobs for many Peruvians. (Andina)
To read the full story
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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.