Auction for Peru metals smelter draws zero bids in first auction

10th March 2017

By: Reuters

  

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LIMA – No company placed a bid on Peru's nearly 100-year-old polymetallic smelter La Oroya in the first of three public auctions held on Friday, the head of the bidding committee said.

The minimum price for the smelter and a small copper mine will be reduced by 15% from about $270-million in the second auction on March 21, said Pablo Peschiera, the head of consulting firm Dirige that is tasked with finding a new buyer.

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Edited by Creamer Media Reporter

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