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Economy | 22 June, 2009 [ 16:50 ]

Peru's Government rules out intervention in Doe Run


LivinginPeru.com
Isabel Guerra

Peru's Government reiterated that it has no plans to intervene in the Doe Run mining company (one of the biggest mineral exporters in the country) in order to save it from financial collapse.

Thousands of workers from La Oroya smelter are currently holding a public protest, because they do want the governement to intervene so that they don't lose their jobs.

Their protest is disturbing not only the Central Road traffic (which is halted) but also the commercial activities, and the schools are not working either.

“An intervention would be very complicated in terms of responsibilities and financial consequences, because it is very likely that we would have to face international claims,” said Pedro Sanchez (Peru's Minister of Energy and Mining) to a local radio.

A few days before, Doe Run had announced that it would close operations during 90 days (during which workers would receive only 50% of their usual salaries).

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6 Comments

# David N says :
22 June, 2009 [ 17:33 ]

Yet another protest and yet another road blockade? YAWN....this country is a complete mess.

# Martin says :
22 June, 2009 [ 17:57 ]

If the government steps in to bail out Doe Run [La Oroya], where next?
And with money from where? Note, that as someone has pointed out, Peru's GNP of 26 million people = the US state of Utah with a population of 3 million.

# Carl says :
22 June, 2009 [ 18:01 ]

I bet Humala is behind this.

# wow says :
22 June, 2009 [ 20:33 ]

Any, which is it, dont you know how to write your comments, or are you to lazy? jajaja  LOL

# fred says :
23 June, 2009 [ 12:34 ]

"Yet another protest and yet another road blockade? YAWN....this country is a complete mess." --Posted by everyone's favorite, David N.


I didn't know protests and road blockades constituted anarchy.


But considering that the Mrs. has your pelotas in her purse by forcing you to live here while you pathetically sit in front of a computer at home spewing sadness and hate, I don't think your opinion matters to many here.

# Christopher Hawkins says :
2 July, 2009 [ 01:17 ]

Thousands of workers from La Oroya smelter are currently holding a public protest, because they do want the governement to intervene so that they don't lose their jobs.


Yes the Goverment should intervene .
How dare the Goverment of Peru ignore this?
Well its simple Alan Garcia is corrupt and getting paid to look the other way.
Viva Ollanta Humala.
Ollanta Humala will be the next President in 2011.
Goodbye Imperialism
Goodbye us NAFTA FTA
Goodbye to exploiting the Poor People in Peru.
VIVA EL ALBA.
EL Pueblo unido jamas sera vencido.
Viva EL Communismo
Viva EL Nacionalismo
Viva EL Socialismo
Viva La Revolucion. 

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