Buenaventura Announces Temporary Suspension of Ore Treatment at El Brocal Mine
LIMA, Peru - Compaia de Minas Buenaventura S.A.A. (Buenaventura or the Company), Perus largest publicly-traded precious metals mining company, has announced the voluntary temporary suspension of operations at its El Brocal processing plant facilities. This decision comes as a proactive measure to ensure the health and safety of its employees and the surrounding community amidst the ongoing global COVID-19 pandemic.
While the ore treatment will be temporarily halted at the processing plant, the underground mining activities at El Brocal will continue uninterrupted per normal procedures. The company has accumulated a significant stockpile of mined ore that has been provisioned and authorized for later processing. This strategic move will enable Buenaventura to recommence processing operations once the situation stabilizes and it is safe to do so.
The decision to voluntarily suspend the ore treatment operations at El Brocal is in line with Buenaventura’s commitment to responsible mining practices. By prioritizing the safety and wellbeing of its employees, as well as the local community, the company aims to mitigate the risks associated with the COVID-19 pandemic effectively. The suspension will allow them to adapt their operations to comply with the necessary health protocols and guidelines implemented by local and national authorities.
Buenaventura’s extensive experience in the mining industry positions them well to navigate the challenges posed by the current global health crisis. The company firmly believes that its proactive approach will not only safeguard its workforce but also preserve its operational capabilities and long-term sustainability.
During the temporary suspension, Buenaventura will continue to closely monitor the situation and remain in constant communication with its employees, stakeholders, and local communities. The Company is committed to providing timely updates to ensure transparency and maintain the trust placed in them by their various stakeholders.
The decision to continue underground mining activities aligns with Buenaventura’s commitment to maintaining vital economic activities while ensuring the highest standards of safety. By stockpiling the mined ore, the company also demonstrates its focus on efficient resource management and sustainability practices.
As Buenaventura temporarily suspends the ore treatment operations at the El Brocal processing plant, the company reinforces its dedication to the health and safety of its employees and the surrounding community. The implementation of stringent health protocols and guidelines will allow Buenaventura to protect its workforce and mitigate the spread of COVID-19 effectively.
Having accumulated a stockpile of mined ore, the company is well-prepared to resume processing operations once the global health situation stabilizes. Buenaventura remains committed to transparency and will continue to communicate updates to its stakeholders, prioritizing open and honest dialogue.
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