MEM sees Doe Run agreement with concentrate providers by month-end - Peru

Peru's energy and mines ministry says it is confident that Doe Run Perú, which owns the halted La Oroya smelter in Junín, will reach an agreement with its concentrate providers by end-January.
The company was recently reported to be unable to meet the January 31 deadline for restarting the operation, the first in a 30-month timeline for getting the decades-old smelter running, financed and in line with environmental obligations.
The idea is that once the smelter is running, it will have cash flow to help sustain operations and obtain credit. In the meantime, workers have agreed to take a 50% pay cut until end-January to help the company restart the smelter, according to state news agency Andina.
"I am confident that by month-end the company will at least present an agreement with the providers," said deputy mining minister Fernando Gala in a statement from the ministry.
La Oroya produces 11 different metals and is known for having caused serious lead contamination around the town of La Oroya.