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Large Mining Companies Set to Resume Operations in Peru

Mining News - Published on Fri, 15 May 2020

Image Source: O3 Mining Coronavirus COVID-19 Lockdown
Bnamericas reported that five of the seventeen companies that comprise Peru’s large-scale mining sector have received authorization under the government’s plan to reactivate the industry amid the COVID-19 crisis, and will restart operations almost immediately. SNMPE executive director Pablo de La Flor told BNamericas that “Together, the 17 large-scale mining companies have 39 operations. There are already five that have complied with the protocols and will restart activities in the next few hours.”

According to de la Flor, the rate of reactivation will depend on the speed with which the companies manage to adapt their plans to the guidelines of the energy and mines ministry and obtain the authorizations of the respective health and safety commissions.

Large-scale mining represents 95% of Peru’s total copper production, 65% of silver, 62% of zinc, 59% of lead and 26% of gold.

The government of President Martín Vizcarra issued a supreme decree on May 3 with guidelines to progressively resume economic activities. The plan contemplates four stages and the first one includes the mining sector and industries such as construction, services, retail and commerce. For the mining sector, the reactivation plan will be in three stages: the first will correspond to large-scale mining, the second to medium-sized operations and the third to small-scale mining.

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Posted By : Yogender Pancholi on Fri, 15 May 2020
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