ESG

COVID-19 hitting Peru mines

The COVID-19 virus is infecting workers and contractors at several mines in Peru, which were conceded an exemption to a mandatory national social isolation programme in order to maintain core functions and prevent equipment damage.

 Caylloma in Arequipa, Peru

Caylloma in Arequipa, Peru

Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here.

A mandatory national social isolation programme was implemented in March to control propagation of the virus, which has been extended until May 10.

The giant Antamina base metals mine has seen a shocking 210 workers text positive for the virus of 600 tested, of which 87% are asymptomatic, reported Gestion. The mine has evacuated 1,500 people.

Antamina produced 446,100 tonnes of copper in 2018, 409,300t of zinc, 10.2 million pounds of molybdenum and about 50 million ounces of silver. The mine is a joint venture between BHP (33.75%), Glencore (33.75%), Teck (22.5%) and Mitsubishi (10%).

The news comes as Fortuna Silver Mines reported six people at its Caylloma mine in Arequipa have been infected with COVID-19, although they are also asymptomatic. The affected workers have been isolated in a special area and are being monitored by medical personnel.

Caylloma, at 4,500m above sea level, demobilised the majority of its workforce in mid-March but continues to operate with essential personnel under government guidelines, which ore being processed from stockpiles.

Caylloma produced 249,111 ounces of silver in the first quarter at an average head grade of 70 grams per tonne silver. The mine also produced 7.7 million pounds of lead and 11.8Mlb of zinc.

Freeport McMoRan put its Cerro Verde copper mine in Arequipa on care and maintenance in March after a worker tested positive for the virus.

The SNMPE mining, oil and energy association, which has 60 member companies, reported in March that its member companies had evacuated 75% of their workers from operating sites.

Peru has almost 30,000 confirmed cases of COVID-19 and has reported 782 deaths from the virus.

Shares in Fortuna Silver Mines are trading at C$3.81, valuing the company at $611 million.

 

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.