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MMG Las Bambas reaches an agreement with Community

Social License: It takes more as MMG Las Bambas reaches an agreement with Indigenous Community.
MMG’s Executives and Peru’s Indigenous Leaders reached an agreement that puts an end a 2-month long conflict at the long-life copper mine located
in Apurimac region of Peru, Las Bambas copper mine. The miner via dialogue with Community, Government, Ombudsman and Church representatives made significant commitments with the community. Amongst those new commitments, the Nueva Fuerabamba community agreed to restore free transit on the national highway called Corredor Minero del Sur, which cuts through their farmlands. The use of the road by the mining company sparked the conflict, as protesters were saying that the government illegally turned the road into a national highway to be able to ink a deal with MMG.
Based on this successful community ratification on Monday, 8 April 2019, Las Bambas expects to progressively restore mining, production and concentrate transport to normal levels. Minera Las Bambas, on the other hand, committed to employing workers from the community. The company also vowed to honour unfulfilled promises established in a Compendium of Agreements signed on December 29, 2009. The Peruvian government assured that it will increase its presence in the area to guarantee that local communities’ rights are respected and protected. The terms of the deal were written in an official letter signed by the Chief of Cabinet, Salvador del Solar; the president of the Fuerabamba community, Gregorio Rojas; Las Bambas’ General Manager, Edgardo Orderique; and the president of the Episcopal Conference, Miguel Cabrejos.
Las Bambas is a joint venture project between MMG, a wholly-owned subsidiary of China’s Guoxin International Investment, and CITIC Metal Co. Ltd. MMG owns 62.5% of the project and is in charge of operations at the massive copper mine that spans the provinces of Cotabambas and Grau The mine has an annual nameplate throughput capacity of 51.1 million tonnes and in 2017 it produced 450,000 tonnes of copper concentrate or about 2% of the global supply. As the Australian Financial Review once indicated, it takes more to ensure a happy community with which a mining company operates.

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