Minpeco
| 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 or Minero Perú Comercial,[1] in the 1970s, and had a monopoly on the export of minerals and ore concentrate produced by large-scale mining in Peru.[2] The company emerged after a series of mining law reforms in Peru in 1969 and 1970 which established the Peruvian state as the dominant actor in the mining industry.[1] In 1984 it had agreements to process ore in Complejo Metalúrgico de Karachipampa in Bolivia.[3]
In 1988 Minpeco obtained a compensation from the Hunt brothers (Nelson Bunker Hunt, William Herbert Hunt and Lamar Hunt), who were found responsible for civil cases of conspiracy to corner the market in silver.[4] The company was to receive $134 million in compensation from the brothers as a compensation for lost money.[5][6] Minpeco had originally sought $450 million in compensation.[7][8]
Minpeco was privatized in 1992 during the government of Alberto Fujimori.[9][1]
See also
[edit]- Silver Thursday – 1980 crash in the U.S. silver market
References
[edit]- 1 2 3 Campodónico Sánchez, Humberto. "2. Las leyes mineras de 1969 y 1970". Las reformas estructurales en el sector minero peruano y las características de la inversión 1992-2008. Serie reformas económicas (in Spanish). CEPAL. pp. 16–25.
- ↑ 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.
- ↑ Siles Zuazo, Hernán (1984-04-27). "DECRETO SUPREMO No 20213 del 27 de Abril de 1984". derechoteca.com (in Spanish). Retrieved 2026-03-29.
- ↑ "Peru's Minpeco SA, which won $134 million..." Los Angeles Times. 1988-09-23. Retrieved 2026-03-31.
- ↑ "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.
- ↑ Williams, Jeffrey C. (1995). Manipulation on Trial: Economic Analysis and the Hunt Silver Case. Cambridge University Press. p. 192. ISBN 978-0521440288.
- ↑ Labaton, Stephen (1988-02-25). "Trial of Hunt Brothers In Silver Case Begins". The New York Times. ISSN 0362-4331. Retrieved 2026-03-31.
- ↑ Empresas privatizadas y valor de venta, 1991-2014 (in Spanish). Plataforma del Estado Peruano. Retrieved 2026-03-30