Glencore copper mine in Peru stops its operations temporarily

• The Antapaccay copper mine of Glencore temporarily ceased operations in Peru.
• The mine was also targeted twice the previous week.
• Road blockades erected by protesters have caused interruptions to mines.

As social upheaval in the South American nation persisted, the Antapaccay copper mine of Glencore (GLEN.L) in Peru temporarily ceased operations on Friday after protestors invaded the location for the third time this month.

Around noon local time, looters attacked the camp’s workers’ quarters and demanded that the mine halt operations and support the protesters’ demand for President Dina Boluarte’s resignation, according to a statement from Glencore.

Even though the situation “was under control” by mid-afternoon, the business declared a “temporary stoppage of its operations” because the risk to its employees was “intolerable.” The mine, one of the biggest in the nation and situated in the south of the country, was also targeted twice the previous week.

The second-largest copper producer in the world, Peru, has experienced escalating turmoil in the wake of weeks of occasionally violent anti-government demonstrations that were sparked by the country’s previous president’s resignation last month.

Road blockades erected by protesters have caused interruptions to mines and other extractive industries in Peru.

The business stated earlier this week that the protests had forced the Antapaccay mine to operate at a “limited” capacity. With only 38% of its staff present, the mine has been unable to provide supplies to its facility since the blockades began on January 4.

Glencore further stated that the transport of mineral concentrates is still on hold.

During the protests last week, four vehicles and company installations sustained significant damage. In one assault, a building that at least one employee was inside of was set on fire.

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