The liquidator of assets of Doe Run Peru, Consultores A1 (CA1), reported that it reached the payment objective to Ingemmet for the validity and mining concessions of 2021. In this way, it avoided the risk of their extinction.
Thus, he explained that the La Oroya Metallurgical Complex (CMLO) has 39 concessions and the total payment amounted to US$250,000. Meanwhile, the Cobriza Mining Unit (UMC) has 59 concessions and should pay US$1.25 million.
In a press release, the liquidator mentioned that, in what corresponds to the CMLO, last Tuesday it reached the goal. While in the case of the UMC he managed to pay the last Thursday, June 30, that is, three hours before the window closes, the last concession called Cobriza 52.
“This payment process had to overcome the cut in the flow of money that came from the sale of copper concentrates from the UMC, which, as is public knowledge, has been maintained since October of last year due to the refusal of the communal authorities and the mayor of the district of San Pedro de Coris who keeps the traffic of the trucks that transport the mineral blocked”, mentioned Consultores A1.
CA1 also stated that it had to develop a contingency plan to raise US$1.5 million. To do this, it resorted to the sale of current assets belonging to the CMLO, to the signing of a medium-term contract for the sale of sulfuric acid, among others.
Source: Larepublica
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