Mining and Metallurgical Interests From the Central Andes of Peru Will Be Showcased at Mining Investment Europe

• La Oroya Metallurgical Complex has the capacity to produce 10 high-quality metals and 7 by-products. It is composed of lead, zinc, copper and precious metal circuits, which makes it one of the world’s few polymetallic recovery and refinery facilities.
• Cobriza is an underground copper and silver mine with the capacity to extract 9100 tons of mineral a day.

Lima, June 8, 2017. Doe Run Peru (DRP) will be participating in Mining Investment Europe as a spotlight speaker and exhibitor. DRP, which is under liquidation, will be selling its productive units in the central Andes of Peru in the month of July 2017. The units up for sale are the La Oroya Metallurgical Complex and Cobriza Mine.
The company’s objective is to capture the interest of potential investors from around the world who may be interested in acquiring one or both of the assets up for sale.
“These units are extremely attractive due to their strategic location in Peru at the crossroads of major deposits of mineral wealth and are conveniently situated close to major roads, railways and the International Port of Callao. Ample sources of hydroelectric energy help ensure operational continuity,” says Oscar Zapata, the Asset Sale Director at DIRIGE, which is conducting the liquidation process and asset sale.
One of the world’s few polymetallic complexes
La Oroya Metallurgical Complex produces 10 high-quality metals and 7 by-products. It is comprised of lead, zinc, copper and precious metal circuits, which process concentrates  from a feed that is both ample and consistent.  
According to Oscar Zapata, this productive unit represents a pole of technological development to generate added-value products from materials that are readily available in the Andes at important deposits such as Morococha, El Brocal, Atacocha, El Porvenir and Castrovirreyna.
Estimates situate the annual availability of concentrates in the central region of the Andes at the following levels: 440,000 MTD of zinc concentrate; 520,000 MTD of lead concentrate; and 560,000 MTD of copper concentrate, without including production from Toromocho (Chinalco). La Oroya Metallurgical Complex can consume 100,000 MTD of zinc concentrate; 250,000 MTD of lead concentrate; and 260,000 MTD of copper concentrate.  

Underground Mine
Cobriza, an underground mine, produces primarily copper and silver. It has the capacity, when operating at full-tilt, to produce 9,100 tons of mineral (current levels are situated at 4,300 MT/d).
Cobriza’s probable reserves are situated at 19.5 million metric tons and the mine owns 58 concessions (51,896 hectares), five of which are currently mined (4,800 hectares). The results of third-party exploration studies attest to the mine’s tremendous potential to generate significant resources.
Public Auction set for July
The public auction of both productive units will take place in three rounds on July 6, 17 and 26. In the first round, the base price will be US$ 271.7 million to purchase both units. Subsequent rounds will be subject to a 15% reduction in the base price of the first round.  
“To ensure the success of this sales process, DRP has been participating in major mining events around the world, including Mines and Money New York. Investors and mining operators have shown great interest in this sale and have taken steps to conduct due diligence,” says Oscar Zapata.   
Now, DRP intends to further increase interest in this asset sale by participating in Mining Investment Europe, which will take place from June 12th to June 14th in Frankfurt, Germany. This event will bring together 250 participants from various continents, including mining executives, financers, investment fund operators and top-level government officials.  DRP is certain that both its Spotlight Presentation and Exhibition will generate significant interest among fellow participants and in mining-related media outlets.
 
For more information please contact:
Oscar Zapata

Source: www.doerun.com.pe