Record Prices of Gold and Copper Are Also a Boon for Illegal Mining in Peru [BNN Bloomberg (Canada)]
Southern Copper Corporation (SCCO)
Last southern copper corporation earnings: 2/26 04:01 pm
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US:NYSE Investor Relations:
southernperu.com/eng/invrel
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Source: BNN Bloomberg
But surging metal markets are also stoking concerns that the windfall will accelerate growth in illegal production that will increasingly disrupt the operations of global mining companies. Informal miners are encroaching on the sites of large legal mines in the Andean nation, with executives at the Lima conference telling Bloomberg News they fear confrontations will worsen as prices climb. It's an example of how surging commodity prices can bolster shadow economies around the world, particularly in poorer nations with weaker institutions, in a challenge to large companies and authorities. The situation has also led to dangerous confrontations: One of Peru's top gold miners, Minera Poderosa, has had more than a dozen employees killed in what the industry is increasingly describing as an open conflict between the company and violent illegal miners. While most illegal mines in Peru focus on gold, there are also cases of undocumented copper operators who have found ways to handle t
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SCCO
News
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SCCO
Earnings
- 4/25/24 - Beat
SCCO
Sec Filings
- 9/27/24 - Form 4
- 9/18/24 - Form 4
- 8/28/24 - Form 4
- SCCO's page on the SEC website