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Surging copper prices this year have brought startling growth in the number of trucks carrying copper from illegal mines in Peru, jamming roads, causing accidents and creating hazardous conditions especially after dark along the Andean country’s key “mining corridor” highway, industry sources toldWith copper demand soaring as the world rapidly moves toward electric vehicles and clean energy, illegal mining has been booming.
Informal mining trucks were involved in at least 11 accidents in May along the highway, according to a document shared withBurgeoning stand-offs between big mines and artisan miners have complicated government efforts to spur investment and production to bolster the economy after Peru’s long-held position as the No. 2 global copper producer was snatched away by rival Congo. Chile is No. 1, and Peru remains second for shipments.
Peru’s Ministry of Energy and Mines and the regional Cusco government did not respond to requests for comment. Peru’s government has tried to regulate artisan mining sector more by tightening up on permitting. Small-scale copper and gold miners have pushed back and protested, gumming up the government’s plans to overhaul the sector.“The flow is strong, sometimes too much.
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