Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

Latest Share Chat

Glencore says Peru copper mine expansion 'under review'

Fri, 16th Sep 2022 17:03

LIMA, Sept 16 (Reuters) - Miner Glencore Plc said on Friday that a planned expansion at its Antapaccay copper mine in Peru is "under review," amid a blockade that has disrupted operations.

Indigenous residents near the mine have been protesting this week that they should be consulted on the mine's expansion. The company said it will make an announcement when it reaches a decision on the expansion project which is known as Coroccohuayco.

Glencore added in a statement that the decision to halt the project was taken months ago and is unrelated to the blockade.

Peru is the world's No. 2 copper producer and Antapaccay ranks among its largest mines.

The blockade is located along a key copper transport road known as the "mining corridor" that is a hotspot for social conflicts. Other miners that use the road include MMG Ltd's Las Bambas and Hudbay Minerals Inc's Constancia.

Residents along the road, which is mostly unpaved, have often complained that their quality of life has not improved despite the vast mineral wealth in the area.

Antapaccay said in a statement that the blockade was disrupting operations as well as the supply of food for workers at its camp. (Reporting by Marcelo Rochabrun in Lima Editing by Deepa Babington and Matthew Lewis)

Related Shares

More News
Today 16:52

Glencore bought aluminium from Rusal worth $1.06 bln in 2023

LONDON, April 26 (Reuters) - Commodities group Glencore bought aluminium from Russian producer Rusal worth $1.06 billion in 2023 as part of their lo...

Today 16:36

Anglo spurns BHP's $39 bln bid as investors push stock higher

Anglo says offer significantly undervalues the company *

Today 16:35

London close: Stocks buoyed by banking, mining positivity

(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results f...

Today 15:50

Glencore bought aluminium from Rusal worth $1.06 bln in 2023

LONDON, April 26 (Reuters) - Commodities group Glencore bought aluminium from Russian producer Rusal worth $1.06 billion in 2023 as part of their lo...

25 Apr 2024 17:51

Anglo American share spike before bid raises questions about leaks

LONDON, April 25 (Reuters) - Anglo American's London-listed shares spiked in late UK trade on Wednesday, hours before the miner announced a $39 bill...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.