|Bid||1.620 x 0|
|Ask||1.630 x 0|
|Day's Range||1.610 - 1.650|
|52 Week Range||1.500 - 4.170|
|Beta (3Y Monthly)||2.90|
|PE Ratio (TTM)||24.33|
|Earnings Date||Aug. 15, 2017 - Aug. 21, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.60|
The indigenous community of Fuerabamba in southern Peru voted on Tuesday to suspend its 2-month road blockade of Chinese miner MMG Ltd's Las Bambas copper mine for two days until the government visits the region on Thursday, an advisor to the community told Reuters. Fuerabamba villagers held an assembly on Tuesday to decide whether to accept a deal signed by their leader Gregorio Rojas and MMG over the weekend that would have ended the blockade in exchange for compensation from the company.
A Peruvian judge on Wednesday ordered three years of jail time for three lawyers representing indigenous villagers who have blockaded shipments from a massive copper mine operated by Chinese miner MMG Ltd. Villagers have demanded that their lawyers be freed before talking with the government about lifting their blockades of two roads that have cut off access to the Las Bambas mine, halting its exports. The prosecution argued the lawyers - the brothers Jorge and Frank Chavez, and Carlos Vargas - had manipulated Fuerabamba villagers into blocking a road used by Las Bambas to extort MMG, and must be held in jail because they are a flight risk.
An indigenous community in Peru that has blocked roads to Chinese miner MMG Ltd's Las Bambas copper mine has decided not to negotiate with the government further until the community's jailed lawyers are freed, the head of the community, Gregorio Rojas, said on Tuesday on local TV channel Canal N. The government of President Martin Vizcarra held a meeting with Rojas in the capital Lima on Sunday and offered to end emergency measures authorizing the use of force in the region in exchange for an end to the road blockades.
An indigenous community in Peru will not take part in negotiations aimed at ending its blockade of a road used by Chinese copper miner MMG Ltd until its leader is freed from jail, the community's second-in-command said on Monday. Edison Vargas, the vice president of Fuerabamba, said by phone that the arrests last week of the community's president and lawyers on accusations of extortion were groundless and aimed to delegitimize their complaints. Fuerabamba wants MMG to pay it for using a stretch of road on its farmland, accusing the company of building it to transport copper from its Las Bambas mine without the community's permission.
Peruvian police said on Friday that they have arrested the leader and two lawyers of an indigenous community, accusing them of trying to extort Chinese miner MMG Ltd by blocking a road it uses to transport copper for the past month. Gregorio Rojas, president of the community Fuerabamba, was arrested in Lima late on Thursday, along with the community's attorneys, brothers Frank and Jorge Chavez, the police said in a statement. Frank Chavez and Rojas have previously denied allegations by representatives of the mining industry that the road blockade aimed to illegally or unfairly secure money from MMG.
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