The peasant communities of the district of San Pedro de Coris in the Huancavelica region agreed to take over the Cobriza mining unit starting tomorrow if the creditors’ meeting, scheduled for Monday, March 7, agrees to change the current liquidator of Doe Run Peru.
“We support Indecopi’s decision in its appointment to the company Consultores A1 as liquidator of the stock exchange, the change will not be allowed for a liquidator appointed in the Creditors’ Meeting, we believe that this stage has already culminated”, emphasize the communities in a pronouncement.
Efraín Arredondo Acuña, president of the Expansion Peasant Community, told La República that the population’s demand is “that the liquidator stays or the mine closes”.
“We ask that the liquidator be maintained. They intend to put a creditor that they (the creditors’ meeting) have chosen to continue extending the time, ”he added.
Pronouncement communities of San Pedro de Coris
The current liquidator of the assets of Doe Run Peru is Consultores A1, the company was appointed by the Indecopi Bankruptcy Procedures Commission. However, according to Yanet Meza, mayor of San Pedro de Coris, the creditors’ committee is seeking to change it to prolong the process of selling the mine and “lay down the process that has already been advancing so far.”
“They do not give us the guarantees that the liquidator that they (the creditors’ committee) intend to appoint will be transparent in the sale process. We understand that in all this time they have never wanted to sell copper”, he commented.
In that sense, he mentioned that “there have always been entrapments of all the liquidators on duty, the presidency, the creditors’ meeting, Doe Run Cayman and the labor creditors.”
The official also denounced that the creditors’ meeting and the technical committee do not provide the necessary facilities for those interested in buying Cobriza to access the deposit information.
“We have gone to talk with some interested parties, who have complained to us that the board or the committee does not give them the facilities to access information, both to the documentary back up as well as to the back up of mining reserves that the mining project has”, Meza revealed.
It should be noted that the relevant creditors who will have the final decision next Monday are the company Doe Run Cayman and the Ministry of Energy and Mineswho own more than 66.66% of the qualified vote.
Source: Larepublica
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