Weekly Report - 03 August 2017 (WR-17-30)

PERU | Doe Run. The third attempt to auction off the assets of the metallurgic mining complex at La Oroya in Junín region has fallen through due to a lack of interested parties, Peru’s energy and mines ministry announced last week. Activities at the complex were shut down in 2009 after its previous owners, the local subsidiary of US firm The Doe Run Resources Corporation, filed for bankruptcy in response to a US$163m fine issued by the Peruvian government against it for breaching environmental regulations at the La Oroya complex. The mining operation was the primary source of income and employment in the town of La Oroya, and since its closure locals have been pressuring the authorities to reopen it.

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