Glencore Plc's huge Antapaccay copper mine in Peru is operating at 'restricted' capacity due to anti-government protests that saw an attack on the facility last week, a company source told Reuters on Tuesday.
Peru, the world's No. 2 copper producer, is currently in the throes of its worst civil unrest in over 20 years, posing a risk to mining activity and copper transport that has buoyed global prices of the metal on supply worries and hit some company share prices.
"Due to the road blockades, no type of transport activity is being carried out, this includes the transport of concentrate for export." Last week, two Antapaccay company vehicles were burned and the area around the workers' housing was attacked. In response, Glencore said it would evacuate staff from the site.
"The local protest leaders continue to incite the population and have set themselves the objective of paralyzing the mine," the person said.
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