Southern Peru least affected by Covid-19 among Peruvian miners, filings show

Southern Peru Copper Corp (SPCC) was the Peruvian miner least affected by the Covid-19 pandemic among public companies on the Santiago Stock Exchange, several notifications filed to the country's securities authority, SMV, showed.

The SMV polled all listed companies during July and only SPCC said that it did not partially or completely halt operations due to the national emergency declared by the federal government in Peru. Large producers including Las Bambas and Antamina are not public and were not a part of this survey.
Peru faced a significant fall in mined production due to the pandemic, with the strongest impact being reported in April. The federal government declared a state of emergency in mid-March, and a gradual reopening of the mining industry began in May.
According to private mining association SNMPE, the country's copper output was 768,463 tonnes in January-May, down by 22.6% from 993,372 tonnes a year before, and zinc production totaled 398,771 tonnes in the same period, a 29.1% year-on-year decrease from 562,580 tonnes.

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