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Doe Run Perú given July 24 deadline to restart La Oroya

June 15, 2010 - 10:19 GMT Location: São Paulo

KEYWORDS: Doe Run Perú , La Oroya , Peru , copper , lead , zinc , silver , Renco

Doe Run Perú will be closed if it does not restart its La Oroya polymetallics smelter by July 24, Peru’s mining minister Pedro Sánchez said on Monday

The company will have to present a closing plan for its mine and permanently shut its operations in that case, Sánchez said, adding that the deadline is “irrevocable” and that Doe Run Perú will be liquidated or restructured following its closure. To resume smelting activities at La Oroya, Doe Run Perú needs to guarantee financing to complete an environmental clean-up programme at the smelter – which will cost $156 million – and secure ore concentrates supply. No Doe Run Perú spokesman could be...

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