AMM.com Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5


Government seeking best option for Doe Run Peru workers, minister says

Keywords:


Peruvian energy and mines minister Jorge Merino Tafur has assured former workers of metals producer Doe Run Peru that the government is involved in discussions to find the best option for reopening the company’s La Oroya plant.

The creditors of the company decided last month to liquidate Doe Run Peru, but they intend to reopen the metallurgical complex, possibly under another operator, and retain the 3,500 staff working at the plant. 

“The state has always supported the restart of operations, but it has to respect the environment and the health of the population, and also guarantee the jobs of the workers,” Tafur said.

Local government has no intention of taking over the reins of the metallurgical complex, the minister noted.

The most important thing for the Doe Run Peru case is that it adheres to the bankruptcy process stipulated by Peru’s anti-trust institute, Indecopi, he added.

The board of creditors of Doe Run Peru is to elect a liquidator to run the company.

The government expects this administrator to preserve the metallurgical complex, including the Coriza mine, and local workers’ labour rights in any restructuring plan.

Debts and environmental problems led to Doe Run Peru’s liquidation, which is expected to be completed over the next six months but could be extended for a further six months.

During this time, the liquidator will manage the company and workers will continue to be paid.

Carolina Guerra 
cguerra@metalbulletin.com
Twitter: #!/cguerra_mb 


Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.



Latest Pricing Trends