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
"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
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.