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Latest News in Peru / Archive
Business | 25 October, 2009 [ 13:10 ]
Doe Run Peru still seeking an agreement with its concentrate suppliers
LivinginPeru.com
Isabel Guerra
Reportedly, Doe Run Peru is currently having trouble reaching an agreement with its concentrate suppliers, because several of them have re-oriented to another clients the production that they used to supply to La Oroya smelter.
Jose Mogrovejo, Doe Run's vice-President of Environmental Affairs, said that some of Doe Run's former suppliers have already signed contracts for a year with international traders.
A vendor from one of those companies, who declined to be quoted, said that despite the fact that they are facing a 5% decrease in their income, they have preferred to do so to ensure their sales, because they are uncertain about when the smelter will operate again.
Doe Run's debt amounts to US $ 120 million to 26 vendors, five of which concentrate 80% of the total debt.
Reportedly, only one of these companies has presented Doe Run a funding scheme in order to put the company operational again, although this is still under study.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
Reportedly, Doe Run Peru is currently having trouble reaching an agreement with its concentrate suppliers, because several of them have re-oriented to another clients the production that they used to supply to La Oroya smelter. Jose Mogrovejo, Doe Run's vice-President of Environmental Affairs, said that some of Doe Run's former suppliers have already signed contracts for a year with international traders.
A vendor from one of those companies, who declined to be quoted, said that despite the fact that they are facing a 5% decrease in their income, they have preferred to do so to ensure their sales, because they are uncertain about when the smelter will operate again.
Doe Run's debt amounts to US $ 120 million to 26 vendors, five of which concentrate 80% of the total debt.
Reportedly, only one of these companies has presented Doe Run a funding scheme in order to put the company operational again, although this is still under study.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
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