|Bid||2.270 x 0|
|Ask||2.280 x 0|
|Day's Range||2.240 - 2.310|
|52 Week Range||2.120 - 4.320|
|Beta (5Y Monthly)||2.90|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 01, 2022 - Mar 07, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 23, 2014|
|1y Target Est||3.14|
Chinese miner MMG Ltd is exploring giving annuity-type payments to communities, as opposed to one-time payouts, as part of a strategy revamp following longstanding protests at its massive Las Bambas mine in Peru, executives said on Tuesday. Las Bambas, one of the world's largest copper mines, has been besieged by escalating community protests since it opened in 2016, which culminated in a 50-day production shutdown earlier this year. Peru is the world's No. 2 copper producer and Las Bambas alone accounts for 1% of the country's gross domestic product.
Chinese miner MMG Ltd on Monday said it had suspended its copper production targets for the year following a 60% output drop due to a long protest at its Las Bambas mine in the Peruvian Andes, which significantly disrupted operations. MMG had previously expected to produce 300,000-320,000 tonnes of copper in concentrate during the year at Las Bambas. Las Bambas is one of the world's largest copper mines but it has been repeatedly disrupted by escalating protests since it opened in 2016, culminating in a 50-day operational shutdown earlier this year.
The Chinese-owned mine has been a flashpoint of protests and road blockades since it started functioning in 2016, with operations last suspended in December due to a similar blockade. Despite an agreement being reached in December to restart operations, leaders of a group of Peruvian communities later rejected a government proposal to prevent future blockades.