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The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."Bank of Japan Governor Kazuo Ueda: Non-weather factors may push up food prices.

Peruvian Protesters Consent to Participate in Negotiations on MMG's Closed Copper Mine

Charlie Brooks

May 07, 2022 09:34

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Indigenous communities protesting the Las Bambas copper mine in Peru have agreed to meet with government and industry representatives on Saturday to discuss the disagreement that has led to the temporary closure of the project.


Las Bambas in southern Peru, owned and operated by China's MMG Ltd, produces 2 percent of the world's copper and contributes significantly to Peru's economy, accounting for around 1 percent of the country's gross domestic product.


The two protesting communities of Fuerabamba and Huancuire, whose members began camping on mine land in mid-April, affirmed in a document obtained by Reuters that they will participate in negotiations. They propose that they should take place outside of the surrounding area where a state of emergency has been declared.


MMG refutes the communities' claims that the firm has not met its social investment obligations.


In a letter to Prime Minister Anibal Torres, the leaders of the two groups stated, "As a demonstration of our true desire for dialogue, we affirm our participation in the meeting."


This week, community leaders stated they would not attend any meetings unless the emergency status for the area surrounding the mine was withdrawn, but Torres denied their request.


Police unsuccessfully sought to remove Huancuire community members last week, while Fuerabamba residents were expelled days earlier.


The state of emergency, which was declared at the end of April, curtailed civil liberties, including the rights to gather and demonstrate.


Fuerabamba was relocated a decade ago to make room for Las Bambas, but continuous protests and obstacles have since halted production at the profitable mine.