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Glencore’s (OTCPK:GLCNF) (OTCPK:GLNCY) Antapaccay copper mine in Peru is operating at “restricted” capacity due to anti-government protests that included an attack on the facility last week, Reuters reported Tuesday.
Amid the country’s worst civil unrest in 20 years, road blockades by protesters were preventing trucks from transporting copper from the mine, according to the report, which also said the company was trying to evacuate its 2,400 staff and contractors.
Antapaccay is one of Peru’s largest mines, producing nearly 136K metric tons of copper between January and November last year.
The huge Las Bambas also has seen transport of copper concentrates hurt by the blockades.
Despite Glencore’s (OTCPK:GLCNF) (OTCPK:GLNCY) recent downward production revision, the portfolio mix still leaves the company well positioned to capitalize on near and long-term trends, JP Research writes in an analysis published recently on Seeking Alpha.
Image and article originally from seekingalpha.com. Read the original article here.