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 [...]

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 halts operations, government considers $75 million bailout

Doe Run Peru, which halted 95 percent of its operations at the La Oroya poly-metallic smelter after a consortium of banks led by PNP Paribas cut its credit lines, is hoping that the Peru government will agree to a $75 million bailout.
An affiliate of the Renco Group, Doe Run issued a statement last Wednesday, confirming [...]