Freeport halts Cerro Verde over Covid-19

Freeport has put its Cerro Verde mine in Peru on care and maintenance in response to measures taken by the Peruvian government to contain the covid-19 outbreak.(Image from archives)

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.

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