The U.S. mining conglomerate Renco Group spent over $80,000 in the first quarter and retained five lobbying firms in a push to convince Washington to help its embattled smelting company in Peru, according to lobbying filings. This comes after the company spent $245,000 on fees to outside lobbyists to work on the issue of Doe Run Peru in the final two months of last year.
Meanwhile, this month Renco initiated arbitration against Peru, and in its notice to commence proceedings in December, it asked for no less than $800 million in damages for what it alleges are ...
Continue readingAs Renco lobbies and Peru deliberates, Doe Run Peru remains idle
Doe Run Peru, a subsidiary of U.S.-based Renco Group and the subject of an ongoing battle between that firm and the government of Peru, has a bumpy history in La Oroya since it acquired smelting operations from the government of Peru there in 1997. The firm directly provided 3,500 jobs in Peru, gained the support of many workers and local people, and claims to be a more responsible environmental caretaker than its state-owned predecessor.
Yet emissions of lead, sulfur dioxide, and other chemicals were far above the Peruvian air standard while the smelter was operating. In 2005 ...
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