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Doe Run Peru creditors reject settlement proposal

Steel News - Published on Fri, 23 Jul 2010

Reuters reported that Doe Run Peru\'s suppliers and creditors rejected the company\'s proposal to settle millions in debt, complicating efforts to restart production at the sprawling smelter.

Doe Run Peru, a unit of privately held US based Renco Group, operates the La Oroya smelter, which has been shut for the past year after the company fell into financial trouble.

(Sourced from Reuters)

Posted By : admin on Fri, 23 Jul 2010
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