BNamericas reported that Peruvian competition regulator Indecopi could resume proceedings related to local metals producer Doe Run Perú within the next 2 months.

The source said that it's difficult to be specific but it could in no more than two months. Proceedings at Indecopi began last year. Doe Run Perú's group of creditors was to hold their first meeting in April to decide on whether to restructure or liquidate the company.

The meeting was suspended by Indecopi following a court ruling, which was the result of legal action filed by local firm Consorcio Minero Cormin. Cormin, which is Doe Run Perú's second biggest creditor, has questioned Indecopi's decision to include Doe Run Cayman in the creditors group. Indecopi had recognized a US$139mn claim by Doe Run Cayman, making it Doe Run Perú's largest creditor with 59.4% of the voting rights.

The sources said that Indecopi is currently reviewing the legal action to determine how to proceed. Everything is on standby. The company has the polymetallic smelter in La Oroya. It suspended operations at the smelter in June 2009 when it ran into financial difficulties as a result of the global crisis. It normally produces 11 different metals but mainly copper, zinc, lead and silver.

(Sourced from Business News Americas)