BASE METALS

Tailings spill at Doe Run's Cobriza mine

Liquidation process still underway

This article is 6 years old. Images might not display.

The country's Energy and Mining Investment Supervisor agency (Osinergmin) is investigating to determine the cause of the July 10 spill and who is responsible.

With Doe Run Peru in a liquidation process, workers have blamed the spill on the liquidator for poor management of the operation during the liquidation process.

"These type of errors occur, which is why we are asking for this liquidator to be cancelled in its functions and for DRP to pass into the hands of its workers at once because we know how to manage it, as well as the Oroya metallurgical centre where only one of the nine kilns is working. That is to say that 90% of them are paralysed and the Cobriza mine produces copper with a good grade and deserves better attention and not be auctioned," said workers leader Luis Castillo, reported local press.

Some three companies have expressed interest in buying Cobriza (UMC) in a process being run by Carrizales, two of which are believed to be foreign and one Peruvian. Cobriza is valued at between US$47 and $53 million.

Cobriza has capacity to produce 20,000 tonnes a year of copper concentrate but has been operating at a significantly lower rate.

The process to sell the Doe Run assets has seen several failed auctions.

 

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.