Minpeco

Minpeco
TypePrivate – S.A.
IndustryMining
FounderGovernment of Peru
Headquarters
Lima
,
Peru

Minpeco S.A. is Peruvian mineral company. It was created as a state-owned company, Empresa Comercializadora de Minerales or Minero Perú Comercial, in the 1970s, and had a monopoly on the export of minerals and ore concentrate produced by large-scale mining in Peru. 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. In 1984 it had agreements to process ore in Complejo Metalúrgico de Karachipampa in Bolivia.

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. The company was to receive $134 million in compensation from the brothers as a compensation for lost money. Minpeco had originally sought $450 million in compensation.

Minpeco was privatized in 1992 during the government of Alberto Fujimori.

See also

References

  1. 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.
  2. ↑ 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.
  3. ↑ Siles Zuazo, Hernán (1984-04-27). "DECRETO SUPREMO No 20213 del 27 de Abril de 1984". derechoteca.com (in Spanish). Retrieved 2026-03-29.
  4. ↑ "Peru's Minpeco SA, which won $134 million..." Los Angeles Times. 1988-09-23. Retrieved 2026-03-31.
  5. ↑ "Billionaire Bankrupts". TIME Magazine. October 3, 1988. Archived from the original on November 17, 2007. Retrieved August 6, 2009.
  6. ↑ 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.
  7. ↑ Williams, Jeffrey C. (1995). Manipulation on Trial: Economic Analysis and the Hunt Silver Case. Cambridge University Press. p. 192. ISBN 978-0521440288.
  8. ↑ Labaton, Stephen (1988-02-25). "Trial of Hunt Brothers In Silver Case Begins". The New York Times. ISSN 0362-4331. Retrieved 2026-03-31.
  9. ↑ Empresas privatizadas y valor de venta, 1991-2014 (in Spanish). Plataforma del Estado Peruano. Retrieved 2026-03-30