Chinalco could invest $426 million in Suriname bauxite project
If approved by parliament, Chinalco could begin construction by the middle of next year.
A group of Peruvian indigenous communities that have been protesting MMG Ltd’s huge Las Bambas copper mine will meet with President Pedro Castillo on Tuesday in Lima in a new bid to defuse the crisis, a community leader told Reuters.
Edison Vargas, the President of the Fuerabamba community, said the groups hoped to present their problems to Castillo, a leftist president who came to office last year pledging to redistribute mining wealth in the world’s No. 2 copper producer.
Las Bambas, which supplies 2% of global copper, suspended operations on April 20 due to the protests and has been unable to restart production since, the most severe crisis the Chinese-owned mine has faced.
(By Marco Aquino and Marcelo Rochabrun)
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