Minpeco
From Wikipedia, the free encyclopedia
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]
| Company type | Private – S.A. |
|---|---|
| Industry | Mining |
| Founder | Government of Peru |
| Headquarters | , |