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Roadblocks Easing Should Release Stranded Copper

PERU
  • 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)

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