Freeport halts Cerro Verde over Covid-19
Freeport-McMoRan (NYSE: FCX) announced on Tuesday that it has put its Cerro Verde mine in Peru on care and maintenance for 15 days in response to measures taken by the Peruvian government to contain the Covid-19 outbreak.
During this period, onsite personnel will be limited to critical activities necessary to maintain the facilities pending a return to normal operations, the miner said.
Freeport owns 53.56% of Cerro Verde, which operates one of the world’s largest concentrating facilities near Arequipa, Peru.
In 2019, Cerro Verde produced 1.0 billion pounds of copper and 29 million pounds of molybdenum.
More News
Column: Europe’s future metals strategy hindered by current crisis
Chinese over-capacity and high energy prices have accelerated the long-term decline of European steel and aluminum production.
March 29, 2025 | 02:25 pm
Anglo starts talks with banks on possible De Beers IPO
Anglo is pursuing a dual-track process in its effort to exit De Beers by trying to find a buyer for the struggling business.
March 28, 2025 | 12:19 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments