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 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. In many cases, conflicts related to stalled investments in local water and health projects, he said, adding that the government has stepped up efforts to ensure public works get done.
Minister Vera said direct and ongoing communication and concrete action to address demands were paying off — even at MMG Ltd.’s Las Bambas mine, which has endured more than 400 days of roadblocks in its seven-year history. Peru’s copper production is likely to have taken a hit from the protests, but Vera said he was “very optimistic that in the coming days everything starts to normalize,” with output recovering over the rest of the year.
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