Nexa reaches deal with farming communities in Peru

Valentina Ruiz Leotaud

mining.com

January 12  2020

Brazil’s Nexa Resources (TSX, NYSE: NEXA) and the Chavín y Valle de Topará
farming communities in Peru’s western department of Ica, reached a deal
related to the benefits people are expecting to receive for allowing the
Cerro Lindo operation near their respective towns.

Following a long negotiation process that required the intervention of the
Ministry of Energy and Mines, the company agreed to sponsor
pre-professional and professional programs for youth in both communities.

A new round table between Nexa and the community of Chavín will take
place in January 16-17, 2020

According to a media statement issued by the ministry, Nexa will be
offering 10 pre-professional practicums during the first half of the year
and will open applications for 10 professional practicums in the second
half of 2020.

The Brazilian miner also agreed to organize a visit to its polymetallic
underground operation so that authorities and community representatives
can assess labour conditions.

In an email to MINING.com, Nexa said that its goal is to “continue
contributing to the harmonious development of the areas of influence of
the Cerro Lindo unit, a plan that contemplates initiatives to promote the
hiring of a local workforce.”

Cerro Lindo is a volcanogenic massive sulfide deposit that comprises a
number of lens-shaped massive and semi-massive sulphide bodies. The
operation comprises an underground zinc-lead-copper-silver mine, a
conventional comminution flotation process plant, a coastal desalination
plant, and associated infrastructure.

As of July 31, 2019, proven and probable mineral reserves estimates
amounted to 50 million tonnes, while measured and indicated mineral
resources were calculated in 5.4 million tonnes.

Mine life at Cerro Lindo is forecasted in eight years using the existing
mining capacity and infrastructure.

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