other material
confidence high
sentiment negative
materiality 0.65
Southern Copper's Cuajone mine operations paralyzed after illegal occupation of water reservoir
SOUTHERN COPPER CORP/
- Community group illegally occupied Viña Blanca reservoir, cutting water supply to Cuajone mine.
- Operations disrupted since Feb 10, 2022; water supply halted on Feb 28 and again after temporary restoration.
- Group used violent tactics including blocking railroad at R2 tunnel since Feb 10.
- SPCC denies land usurpation claims; states legal mining concessions granted by Peruvian State in 1951.
- SPCC appealed to Peruvian Government and National Police to restore rule of law and water access.