Las Bambas copper mine

Las Bambas copper mine is an open-pit copper mine in the Cotabambas province of Peru. With over a billion tons of copper ore, the deposit is one of the largest in the world and produces 2% of global copper.[1] Las Bambas also produces molybdenum concentrates. Development began on the mine in August 2015 and production began in early 2016.[2][3]

The mine has resulted in multiple environmental conflicts between 2015 and 2022. About 15,000 people protested the mine during the early phases of construction, resulting in clashes with police who shot and killed four local people.[4][5] There were continued protests in 2021-2022, when protestors blockaded the mine and complained that they received few benefits from the mine.[6]

Minerals and Metals Group acquired Las Bambas copper project from Glencore Xstrata plc. for US$5.85 billion. White & Case, advised the consortium comprised by Minerals and Metals Group (62.5%), a wholly owned subsidiary of Guoxin International Investment Co. Ltd (22.5%) and CITIC Metal Co. Ltd (15.0%).[7]

  1. ^ Marcelo, Rochabrun (27 April 2022). "Exclusive: China-owned Las Bambas mine weighs plan to evict protesting communities". Reuters. Retrieved 27 April 2022.
  2. ^ "Peru declares state of emergency over mining plant violence". Retrieved 2015-09-30.
  3. ^ "MMG Limited | Las Bambas". www.mmg.com. Archived from the original on 2015-02-07. Retrieved 2015-09-30.
  4. ^ "Peru anti-mining protest sees deadly clashes – BBC News". Retrieved 2015-09-30.
  5. ^ Briceno | AP, Franklin (2015-09-28). "Peru suspends civil liberties after anti-mining clash". The Washington Post. ISSN 0190-8286. Archived from the original on 2015-09-29. Retrieved 2015-09-30.
  6. ^ "Peru road blockades hit MMG's Las Bambas copper mine once again". Mining Weekly. Reuters. Retrieved 2021-09-15.
  7. ^ "Las Bambas Acquisition". Digiscend.com. 2014. Retrieved 2015-02-09.