Freeport-McMoRan forced to close down Peruvian mine over coronavirus

Posted at 9:41 AM, Mar 18, 2020
and last updated 2020-03-18 12:41:44-04

Freeport-McMoRan Inc. said Wednesday it will have to shut down one of its biggest copper mines, at least temporarily, as a result of the spread of the coronavirus.

The Phoenix-based international mining company said after the Peruvian government issued a declaration of a national emergency in its efforts to contain the outbreak of COVID-19, it has suspended mining operations at its Cerro Verde site in that country, and has temporarily transitioned to a care and maintenance status for a 15-day period effective March 16.

During this period, onsite personnel will be limited only to critical activities necessary to maintain the facilities pending a return to normal operations, the company said in a regulatory filing.

Freeport-McMoRan owns 53.56% of Cerro Verde, which operates one of the world’s largest concentrating facilities near Arequipa, Peru.

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