Suppliers: Doe Run Peru bailout at acute risk

Doe Run Peru — an affiliate of the Renco Group which operates La Oroya’s poly-metallic smelter — has put its financial bailout package at risk suppliers said on Tuesday, claiming that the mining company has failed to meet terms agreed to last April.
In early April, ending weeks of speculation of a government bailout, fifteen Peruvian [...]

Junín residents demand solution to grave environmental contamination in the region and city of La Oroya

Representatives of Junín’s Environmental Association delivered a 9,548-signature petition to Peru President Alan García on Wednesday, demanding a solution for the severe environmental contamination in the region, and especially in La Oroya.
Residents have also demanded that Doe Run Peru, which runs the poly-metallic smelter in La Oroya, comply with its environmental clean-up plan, and that [...]

Doe Run Peru gives more than 2,500 smelter workers month-long paid leave because of lack of supplies

Doe Run Peru gave more than 2,500 workers – or approximately 75 percent of its workforce – a month-long paid leave because it has insufficient supplies to operate its La Oroya ploy-metallic smelter at full steam, daily El Comercio reported Wednesday.
“The company, according to article 2.3 of the collective agreement, has given workers a [...]

Doe Run Peru scores $175 million bailout, avoids collapse

Ending weeks of speculation of a government bailout, fifteen mining companies dependent on Doe Run Peru’s smelter have extended the U.S.-owned mining company a $175 million credit line, reported daily El Comercio on Friday.
An affiliate of the Renco Group, Doe Run issued a statement last Wednesday, confirming that its operations were only a hair shy [...]