The Peruvian indigenous community wants to become a shareholder of Las Bambas

Ochoa said that in other words, community members would like to become individual shareholders of Las Bambas to ensure financial stability for their families, as well as have a voice in protecting the natural environment that surrounds the area. ‘operation.

The community leader pointed out that when the initial land negotiation with MMG took place in 2013, all documents were in Spanish, not Quechua, and as a result many community members were unable to to really understand what they agreed on.

Ochoa also said that in particular they were not properly informed of the mineral wealth beneath the Chalcobamba pit, where Las Bambas’ expansion project is located.

According to him, the approximately $66.6 million Huancuire received between 2013 and 2017 from MMG for 1,900 hectares of land is a tiny fraction of what the company can actually earn selling the area’s underground resources. .

In April this year, the Huancuire community teamed up with the Fuerabamba community and launched a series of blockades to protest what their respective leaders saw as broken promises, following the sale of their land to MMG.

The blockades, which were later joined by four other communities, lasted more than 50 days and forced the Chinese miner to interrupt the activities of its flagship operation.

Following government mediation efforts, a temporary working group was created to address community concerns and follow through on commitments agreed between them and MMG. The group is expected to find a long-term solution to community grievances by December 31, 2022.

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