The Chinese-owned company MMG, which has operations in Peru, Australia and Congo, reached revenues of US$4,347 million in 2023. Of that amount, 78% corresponded to its operation in Apurímac, Las Bambas. As reported by BNamericas, Las Bambas registered a significant recovery from the US$2,087 million it reached in 2022, and closed a historic 2023 with […]
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Las Bambas: MMG revises upwards its copper production projection in Peru for 2023
MMGparent company of Las Bambas, increased its copper production forecasts in Peru and will end the 2023 financial year in a range of between 285,000 and 305,000 tons. According to the Production Results for the third quarter of 2023, the company globally produced 94,050 tons of copper and 59,229 tons of zinc in the July-August-September […]
Las Bambas restarted operations without any mortal balance
Fourteen days after the total stoppage of its mills, the Chinese company MMG Ltd. resumed, in its entirety, its operations in the mining project of The Bambas, from the truce agreed in Cusco with the Chumbivilcas communities and the representatives of the Presidency of the Council of Ministers (PCM), on December 30. The decision was […]
MMG shares rebound after announcement of full resumption of Las Bambas for today
The mining company MMG Ltd., main operator of the mineto de The Bambas, in Apurímac, confirmed the total resumption of its operations in Apurímac for today, Monday, January 3, 2022, through an update note sent to the Hong Kong Stock Exchange, where it is listed. MMG said it “welcomed” the elimination of road blocks after […]
Las Bambas resumes operations after prior agreement with the PCM and Chumbivilcas
Fourteen days after turning off its machines, and after having reached a prior agreement with representatives of the Chumbivilcas community and the PCM, the mining company MMG Ltd. resumed operations at its mining unit in The Bambas, in Apurímac. According to the latest report from the Economic Operation Committee of the National Interconnected System (COES), […]
Las Bambas: communities will keep the mining corridor unblocked during negotiations
This Thursday the meeting between the Government, MMG Las Bambas and the communities of Chumbivilcas (Cusco) that for more than a month they chose to block a section of the southern mining corridor pending contractual improvements. Although the obstruction of the road was planned only until the end of the tripartite dialogue, it transpired that […]
Challhuahuacho businessmen worried about the announcement of the stoppage of the mining company Las bambas
The entrepreneurs, businessmen and local associations of the district of Challhuahuacho, Cotabambas province of the Apurimac department published a statement in which they express their concern about the announcement of the stoppages of the mining activity of Las Bambas, since they point out that it harms the commercial and economic activities of the merchants and […]
Las Bambas mining union concerned about the announcement of the stoppage of activities
The Unique Union of Workers of the Mining Company Las Bambas MMG published a statement in which it expresses its concern over the announcement of the stoppages of the mining activity in Las Bambas, since they indicate that it puts more than 9,000 workers and their families at risk. “Our company made known that, due […]
Las Bambas copper production at risk due to blockages
As anticipated months ago, the company MMG Limited reported that the lack of supplies, associated with the blockade of roads in the Cuzco corridor of Chumbivilcas, will prevent the exploitation of copper in its Las Bambas project, Apurímac. In a communication with the Hong Kong Stock Exchange (HKSE), the chief executive officer and CEO of […]
Pedro Castillo: we will attend to the Las Bambas problem as soon as possible
President Pedro Castillo referred to the recent announcement by the Chinese corporation MMG about the halt of its operations at the Las Bambas mine. “We are going to attend to what the Las Bambas mining company is proposing as soon as possible, as well as what is happening in the jungle, in the north of […]