Minpeco
| Company type | Private – S.A. |
|---|---|
| Industry | Mining |
| Founder | Government of Peru |
| Headquarters | , |
Minpeco S.A. is Peruvian mineral company. It was created as a state-owned company, Empresa Comercializadora de Minerales, in the 1970s and had a monopoly on the export of minerals and ore concentrate produced by large-scale mining in Peru.[1] In 1984 it had agreements to process ore in Complejo Metalúrgico de Karachipampa in Bolivia.[2] In 1988 Minpeco obtained a compensation from the Hunt brothers who were found responsible for civil cases of conspiracy to corner the market in silver. The company was to receive $134 million in compensation from the brothers as a compensation for lost money.[3][4] Minpeco had originally sought $450 million in compensation.[5]
References
- ^ Sifuentes Briceño, Mario (2024). La minería moderna: La integración del Perú a la clase mundial (in Spanish). Instituto de Ingenieros de Minas del Perú. pp. 94–95.
- ^ DECRETO SUPREMO No 20213 del 27 de Abril de 1984
- ^ "Billionaire Bankrupts". TIME Magazine. October 3, 1988. Archived from the original on November 17, 2007. Retrieved August 6, 2009.
- ^ Cymrot, Mark A.; Gorman, Thomas O. "El Descubrimiento de Pruebas en el Extranjero: Minpeco S. A. vs. Nelson Bunker Hunt". Thémis (in Spanish). 16: 83–86.
- ^ Manipulation on Trial: Economic Analysis and the Hunt Silver Case. p. 192.