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Sumitomo Corporation suspends mining operations

Kitco News

Sumitomo announced today that it suspended operations at Minera San Cristobal, a silver, zinc and lead mining project in Bolivia, as well as the Ambatovy Nickel Project in Madagascar, to prevent the spread of the COVID-19 virus.

"In Bolivia and Madagascar, all-day or night curfews have been imposed and public transportation has been suspended. Considering the impact of these measures, including difficulties of securing access to the operations for employees and the effects of logistic stagnation, we have decided to suspend operations temporarily to ensure the safety of employees and their families. This suspension excludes any facilities that require continuous operation, such as power plants," said the company in a statement.

Sumitomo is assessing the impact on its financials.

On its website, Sumitomo said Minera San Cristobal produces around 1,500 metric tons/day of zinc-silver and lead-silver concentrates.

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