MMG, Citic declare force majeure on Las Bambas copper concentrate deliveries [UPDATE]

Miners MMG and Citic Metal have declared force majeure on copper concentrate supply contracts from the Las Bambas mine in Peru.

Three traders who received notification of the move told Fastmarkets that MMG told its customers on Thursday, while Citic informed its buyers on Friday.
"It's proper, proper force majeure,” one of the sources said on Friday.
“Before, they said there would be delays, now they're declaring [force majeure]," he added.

Roads leading to the mine have...


Archie Hunter

October 14, 2019

12:01 GMT