Peru government still far from deal on MMG’s Las Bambas mine restart
In a press conference on Wednesday, Prime Minister Vasquez said the government's spending proposal is a "solution."
In a press conference on Wednesday, Prime Minister Vasquez said the government's spending proposal is a "solution."
While aluminum prices have rallied more than 40% this year, profitability is being eroded by the far greater surge in power prices.
The plant will be able to process 13 million tonnes of nickel ore annually.
The president of the Fighting Committee for the Mining Corridor said that if the government proposal was not reasonable, a new blockade would be launched against Las Bambas.
The Chumbivilcas communities agreed to suspend their blockade of Las Bambas mine until a Dec. 30 meeting.
Biden in August issued an executive order aimed at making half of all new vehicles sold in 2030 electric.
The current blockade has been in place since November 20 by residents of Chumbivilcas province.
Amplats holds a 49% stake in the platinum mine which has been on care and maintenance since 2017.
Gabriel Boric, a 35-year-old former law student, vowed during his campaign to bury the country's “neoliberal” economic model.
Rio Tinto's Jadar lithium project is facing opposition in Serbia, as are other miners' projects around the world.