50 large mining companies have authorization to restart operations in Peru

Activities at a nickel mining site. (Kontan/Cheppy A. Muchlis). Sketched by the Pan Pacific Agency.

LIMA, Jun 3, 2020, ANDINA. As part of the first phase of the economic revival, 50 large mining companies already have the corresponding authorization to resume operations, InValor consulting firm reported on Tuesday (Jun 2), ANDINA reported.

“Of the 54 mines operated by large companies, 50 already have authorization to resume their production at 100%, according to the National Society of Mining, Oil and Energy (SNMPE),” it noted.

InValor also highlighted the fact that Southern Copper announced that it has the authorization to resume operations at a normal level.

Last week, it was reported that Mina Justa mining megaproject had submitted a request to resume operations to the Energy and Mines Ministry, and other large mining companies were expected to do the same.

It should be noted that the National Institute of Statistics and Informatics (INEI) recently reported that the productive sectors were affected by the temporary suspension of activities last April, such as the mining and hydrocarbons sector, which decreased by 42.29% compared to the same month in 2019.

In the month of analysis, the metallic mining subsector decreased 47.26% due to the lack of production of iron (-100%) and tin (-100%), as well as decrease in production of zinc (-86.3%), lead (-84.1%), silver (-73.6%), gold (-53.5%), copper (-34.7%), and molybdenum (-10.7%).

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