Fortuna Silver (FVI.to) Caylloma news

This reported in Peru's national daily, La Republica, this afternoon right here (although it should be pointed out that the photo used in the report isn't of what's going on there and merely used as a representation). For the record, Minera Bateas is Fortuna Silver's (FVI.to) (FSM) wholly owned subsidiary that operates the FVI Caylloma mine. Also fwiw, your humble scribe will be analyzing this event in IKN161, out Sunday.

Arequipa: Caylloma District Begins 48 Hour Strike Against Mining Company

Thursday May 31st 2012, 5:40pm

The population demands public works in the region from the Minera Bateas, as the company agreed to fund one large community project per year.

Around 800 members of the population of the district of Caylloma, province of the same name in the Arequipa region, today began a 48 hour strike by way of protest against the Minera Bateas mining company. The protesters blocked the road that connects the districts of Silbayo and Caylloma, causing various vehicles to be blocked.

Meanwhile the director of the district municipality of Caylloma, Óscar Villavicencio, said that the population had joined in this strike action because the mining company had agreed to fund one large public/community project per year, however the company had not kept its word since 2009. He said that technicians from the municipality had presented dossiers and projects for some works (to the company) but the mining company had not funded them or moved them forward.