Hearing date set for October in Rio Tinto class action lawsuit over Bougainville mine
Over 4,500 claimants are now seeking compensation over what they say is historical mismanagement of the massive Panguna copper mine in Papua New Guinea.
Activity in Peru’s mining and hydrocarbons sector plummeted 45.79% in May from a year earlier, the third straight monthly drop, the government said on Wednesday, due to a lockdown to fight the covid-19 pandemic.
Peru, the world’s second largest copper producer, began a strict quarantine in mid-March, while in May the government ordered the gradual restart of some key industries, a move that allowed miners to starting ramping up production.
The national INEI statistics agency said May copper output fell by 42.2%, while that of gold was down 65.1%. Zinc production tumbled 75.7% and silver 65.8%.
Mining is key for Peru because exports from the sector represent 60% of the South American country’s total.
Among other economic activities, the INEI said that the fishing sector fell by 46.99% in May, while cement consumption contracted 65.05%.
(By Marco Aquino and Adam Jourdan; Editing by David Gregorio)
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