MMG Reports Rising Copper Losses from Informal Mining at Las Bambas Site in Peru
MMG Raises Estimate of Copper Lost to Informal Mining at Peru’s Las Bambas to 90,000 Tons Chinese-owned MMG Ltd. has increased its estimate of copper extracted by informal miners within its Las Bambas concession in Peru, revealing escalating challenges at one of the world’s largest copper operations. According to the company’s latest disclosures and responses to Bloomberg, an estimated 90,000 metric tons of copper have been removed over the past 15 years from land designated for MMG’s next open pit, known as Sulfobamba. This marks a rise from a previous…
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