Work halted at La Oroya

Otto at Inca Kola News has some good analysis on the work stoppage at La Oroya today.

From Reuters:

“Doe Run Peru has halted work at its sprawling La Oroya smelter after banks cut credit lines for the company.”

Also read my previous post about money and La Oroya. It remains to be seen if Alan Garcia’s pro-mining government will step in. Personally, I’m with Otto on this: Ira Rennert took the money and ran.