Anglo American has put its Quellaveco copper project in Peru on standby for up to three months while the government continues to restrict people movements to curb the spread of the Covid-19 virus.
Most of Anglo American's on-site staff at the project in southern Peru have been under lockdown since March 17, when the Peruvian government declared a national emergency, the UK-based miner said on Thursday April 23.Capital expenditure for the asset will be reduced in 2020 will be cut to $1.2-1.5 billion, from $1.5-1.7 billion,...