Volcan said it would suspend its operations in the San Cristobal, Carahuacra and Ticlio mines for up to 30 days as it works on updating an operating permit for its Rumichaca tailings dam.
Refineries vetted by the London Bullion Market Association (LBMA), which sets standards for the world’s gold markets, said to be sourcing ore from “questionable suppliers and mines”.
As long as all interested parties join forces, Peru can take advantage of its ideal conditions to boost and develop the local mining industry, said Adolfo Heeren.
If extended to value-added Chilean lithium, the subsidies will make it more attractive for US companies to invest in the country, said Economy Minister Nicolas Grau.