The Peruvian government could retain US $250 million of Doe Run Peru’s assets if it does not complete the pending environmental projects in La Oroya, the same ones that are stipulated in its environmental cleanup plan, said spokespersons from the Ministry of Energy and Mining.
After a meeting held yesterday, both parties agreed on executing retention of assets if Doe Run does no comply with the environmental cleanup in 30 months.
They also agreed on the terms of selling these assets to other parties and that Doe Run will not participate in eventual auctions.
The Ministry of Energy and Mining said that Doe Run Peru has time until July 27 to resume operations: if it does not, it will be closed.
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