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Trevali Issues Statement on Government Declaration of National Emergency in Peru; Santander Mine Continues to Operate
Trevali Issues Statement on Government Declaration of National Emergency in Peru; Santander Mine Continues to Operate.
About this update from Trevali Mining Corp.
[{"type":"text","content":"\n VANCOUVER, British Columbia, March 17, 2020 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) announced today that the Peruvian Government has issued a Supreme Decree and declaration of a National Emergency in its efforts to contain the outbreak of COVID-19. The declaration restricts travel within the country and requires citizens to remain at home except to travel to grocery stores, banks and medical facilities. The state of emergency took effect today and will last for the next 15 days. Mining projects and operations that have a remote workforce that is housed by a camp are permitted continue to operate as usual during the 15-day period.   The Santander mine is in full compliance with the Government’s requirements and as a remote operation with a workforce that is housed by a camp is expected to remain in operation for the 15-day period. If the term is extended beyond the 15 days and further flexibility to operate mining complexes is not provided, then the operation will need to ramp down.  Ricus Grimbeek, President and CEO stated, “We are monitoring the situation in Peru and all our operations very closely. Our priority is to the health and safety of our workers. We are well prepared to keep the Santander mine going for the next 15 days and are arranging a ramp down program in the event the state of National Emergency is extended. We will continue to monitor the situation and will provide a further update as things progress.”   ABOUT TREVALI Trevali is a global base-metals mining company, headquartered in Vancouver, Canada. The bulk of Trevali’s revenue is generated from base-metals mining at its four operational assets: the 90%-owned Perkoa Mine in Burkina Faso, the 90%-owned Rosh Pinah Mine in Namibia, the wholly-owned Caribou Mine in northern New Brunswick, Canada and the wholly-owned Santander Mine in Peru. In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada, and the past-producing Ruttan Mine in northern Manitoba, Canada. Trevali also owns an effective 44%-interest in the Gergarub Project in Namibia, as well as an option to acquire a 100% interest in the Heath Steele deposit located in New Brunswick, Canada. The sh...