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Antamina mine halts operations

Antamina operation in Ánchash, Peru. Photo by Antamina

Peru’s Antamina said on Monday that it would halt all operations for at least two weeks to mitigate the spread of covid-19.

The Antamina mine had previously been doing essential work in production and maintenance since Peru, the world’s no. 2 copper producer, imposed a national state of emergency in mid-March.

Antamina, one of the largest copper/zinc mines in the world, also produces lead and silver.

BHP (NYSE: BHP) and Glencore (LON: GLEN) each have 33.75% stakes in Antamina. Teck Resources (NYSE: TECK) holds a 22.5% stake in the mine and Mitsubishi Corporation holds 10%.

Antamina produced 101 million tonnes of copper in 2019.

(With files from Reuters)