Las Bambas

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Coordinates: 14 ° 5 ′ 31.2 ″  S , 72 ° 18 ′ 51.8 ″  W Las Bambas is a Peruvian copper mine . It is located in the Chalhuahuacho district of the Cotabambas province in the Apurímac region in the southern Peruvian Andes . With resources of over a billion tons of copper ore, the deposit is considered one of the largest in the world. Around 140,000 tons of ore are mined every day.

history

In the middle of 2004, the Peruvian state granted the mining license to the Swiss company Glencore . As part of the global involvement of antitrust authorities due to the planned takeover of competitor Xstrata by Glencore, the competition authorities of the People's Republic of China only granted their approval in April 2013 with the condition that the mining rights for Las Bambas be sold and certain quantities delivered to Chinese customers by 2020. After negotiations with several bidders, the rights went to a consortium of three Chinese mining companies in April 2014 for USD 5.85 billion. The majority share in the consortium is held by the Australian Minerals and Metals Group (MMG), a subsidiary of the state-owned China Minmetals , with 62.5% . The other shareholders are Guoxin International Investment (22.5%) and Citic Metal (15%). Investments of 400 million US dollars were planned in the first year, which the Chinese owners are already supporting.

In January 2016, the first copper concentrate was transported on the Peruvian Southern Railway . Only a few weeks after commissioning, the collecting basin of the concentration system overflowed. The residents of the neighboring village of Fuerabamba have been fighting against the environmental damage caused by mining and the disregard of their rights, including through road blockades, since 2015.

Individual evidence

  1. ↑ Campaign "Mine Peru - Wealth goes, poverty remains": Copper mining in Peru , p. 2, accessed on May 13, 2019.
  2. ↑ Las Bambas servirá de base para nuevos proyectos de MMG in Perú . In: El Comercio , April 15, 2014, accessed on May 13, 2019.
  3. ↑ MMG's gigantic Las Bambas mine in Peru makes first copper shipment to China , January 18, 2016
  4. ↑ Campaign “Mine Peru - Wealth goes, poverty stays”: Copper mining in Peru , p. 3, accessed on May 13, 2019.
  5. ↑ Alicia Rojas Sánchez: Las Bambas: ¿en qué consisten los proyectos de ley a favor de comuneros? . In: El Comercio , May 6, 2019, accessed on May 13, 2019.
  6. ↑ Las Bambas: hoy se decidirá si comuneros vuelven a bloquear vías . In: El Comercio , May 7, 2019, accessed on May 13, 2019.