View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 4, 2020

Peru to ease lockdown for miners amid Covid-19 pandemic

By JP Casey

The Peruvian Government has announced that it will ease lockdown restrictions on the country’s mining sector, with mining, storage and transportation of minerals set to resume amid the quarantine being enforced in the wake of the Covid-19 pandemic.

Free Whitepaper
img

Mining Mega Trends and Their Impact to your Organisation's Resilience

Numerous mega trends are impacting the mining industry, making an effective resilience program more important than ever to ensure that operations continue as intended. From ESG considerations, through to the use of advanced technologies such as Internet of Things devices, AI, and digital twins, as well as workplace safety, volatility in commodity markets, and the spectre of Covid-19 still looming. Each mega trend has a different impact that needs managing correctly, with a one-size-fits-all approach insufficient. This white paper identifies the mega trends affecting mining businesses, while exploring the opportunities, risks, and implications for operational resilience, with expert insight from Dynamiq on the best practices and approaches to improve business outcomes. Download this document to learn more.  
by Dynamiq
Enter your details here to receive your free Whitepaper.

The news is particularly surprising considering the rapid spread of Covid-19 throughout Peru, with more than 42,000 confirmed cases in the country, the second-most in Latin America, and a death toll of around 1,200. Indeed, six miners at Fortuna Silver Mines ’ Caylloma project were diagnosed with Covid-19 in April, and said to be asymptomatic; considering the company had suspended work for 60% of its workforce, rather than suspending all operations outright, it is perhaps surprising to see the national government relax its lockdown measures at such a time.

The decree highlights the extent to which Peru’s economy is reliant on mining, ranking as the third-largest producer of copper, behind only Chile and China, and the world’s seventh-largest source of gold. Mining accounted for 60.2% of the country’s total exports in 2018, reaching a value of nearly $29.5bn, making the sector a vital cog in both the Peruvian and global economic machine.

The lockdown, which has been in place since the government declared a state of emergency in mid-March and has since been extended until May 10, has crippled the sector. At MMG’s Las Bambas copper mine, for instance, production fell 28% in the first three quarters of 2020 compared to the previous year, and the government is eager to reverse this decline.

“It is necessary to begin the social and economic recovery,” the government announced. “Therefore, it is a priority to address the transition to a resumption of activities that incorporates precautions and protective measures to prevent infections and minimise the risk of a rebound in the disease.”

Related Companies

Free Whitepaper
img

Mining Mega Trends and Their Impact to your Organisation's Resilience

Numerous mega trends are impacting the mining industry, making an effective resilience program more important than ever to ensure that operations continue as intended. From ESG considerations, through to the use of advanced technologies such as Internet of Things devices, AI, and digital twins, as well as workplace safety, volatility in commodity markets, and the spectre of Covid-19 still looming. Each mega trend has a different impact that needs managing correctly, with a one-size-fits-all approach insufficient. This white paper identifies the mega trends affecting mining businesses, while exploring the opportunities, risks, and implications for operational resilience, with expert insight from Dynamiq on the best practices and approaches to improve business outcomes. Download this document to learn more.  
by Dynamiq
Enter your details here to receive your free Whitepaper.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology