Monday, November 2, 2015

Martial law ends at Peru's Las Bambas mining project

At the end of last week, the Peruvian government allowed the 30-day state of emergency to expire in six provinces of the Apurimac and Cusco departments. Martial law was originally implemented after protests against the massive Las Bambas copper mining project turned violent.

During the last month, the Peruvian Ministry of Energy and Mines scheduled a series of information workshops in the areas to educate the local communities about the mining projects and the benefits that they will bring to the region. President Humala said, “Firstly, we regret this situation and the loss of lives, which is irreparable. Second, Las Bambas is the largest mining project in Peru and the second largest in Latin America. Today Las Bambas is almost ready to begin operations. The government via the mining and energy and the housing ministries with deputies in food, agriculture and health are meeting people in the region.”

Peru Reports noted that the local communities do not oppose the project as such, just the location of a molybdenum plant and the replacement of a pipeline with heavy trucks to transport the raw ore.


In political news, former Peruvian president and current presidential candidate Alan Garcia has made the mining industry a central pillar of his presidential campaign. Garcia has pledged that Peru would attain a minimum of 6% GDP growth each year if he were elected. He would accomplish this through a massive growth in public works projects, and encouraging investment in mining projects by cutting the red tape needed to receive regulatory approval.

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