Freeport-McMoRan in talks to allow limited operations at Peru’s Cerro Verde mine
Friday, March 27, 2020 - 12:08:58 PM
Reuters

According to Mining News Pro - The mine was temporarily transitioned to a care and maintenance status on March 16 after the Peruvian government declared a 15-day emergency to battle the virus.

President Martin Vizcarra on Thursday extended the country’s state of emergency until April 12 as confirmed cases of coronavirus rose to 580.

Miners in the country have been forced to slow or suspend operations with the government strictly curbing movement and activity with military presence on the streets to halt the virus.

Freeport-McMoRan Inc, the world’s largest publicly traded copper producer, said on Monday it will stop dividend payouts and slash costs and output due to the rapid worldwide spread of the coronavirus pandemic.

The company owns 53.56% of Cerro Verde.


http://www.miningnewspro.com/en/News/507241/Freeport-McMoRan in talks to allow limited operations at Peru’s Cerro Verde mine
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