MMG (HKG: 1208) said on Monday that it will have to halt production at its Las Bambas copper mine in Peru by February 20, following a new and ongoing blockade of the road used by the company, which has already forced the Chinese miner to curtail operations.
Residents of the Chumbivilcas province have been blocking the main access to Las Bambas on and off since November 20. They demand jobs and economic contributions from the company, a unit of state-owned China Minmetals, which they say has failed to benefit residents despite its great wealth.