On January 12, the mining company antapaccay, located in Cuzco, in the province of Espinar, reported the entry of unknown persons into its facilities. They also denounced the burning of two vehicles and the attack on their buildings. Faced with this situation, the company announced the evacuation of its 2,400 workers and contractors in order to safeguard the safety of its personnel. “Only essential personnel will remain in the operation,” he added in his statement.
Statement of January 12 from Antapaccay. Source: Antapaccay Mining Company
This irruption occurs in the context of protests unleashed in various regions of the country against the Government of Dina Boluarte. The serious political and social crisis has been claiming the lives of more than 40 compatriots and generating heavy economic losses in productive sectors of Peru.
What are the economic scope of Antapaccay?
The Antapaccay SA Mining Company specializes in the concentrated production of copper and began its operations in Peru in November 2012. Likewise, last year, it was recognized by the Regional Government of Cusco with the Q’ente award for contributing more than S/6 million to the region to deal with the COVID-19 pandemic.
Along these lines, according to the latest Mining Statistical Bulletin November 2022—issued by the Ministry of Energy and Mines (Minem)— Antapaccay investments, from January to November 2022, totaled US$84 million 764,343.
However, this figure has presented a sharp drop of 58.1% compared to the same period of time in 2021, where it reached US$202 million 81,406.
Despite this low, this figure rrepresents more than half of the investments in the imperial cityrecalled the economist Juan Carlos Odar. In addition, the company contributed more than 6% of the national production of copperwhich is equivalent to an export value close to US$1.2 billion.
It should be noted that mining investments in Cuscofrom January to November 2022, totaled US$174,267,986.
Source: Larepublica
Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
