Exhibit 10.24.8


 


Mr. Notary:


 


Please extend in your Registry of Public Deeds, one that evidences the
modification to the Line Of Credit Contract in Foreign Currency that celebrate
on the one parte BANCO  DE CREDITO
DEL PERU, RUC No. 20100047218 with address at Calle Centenario No. 156,
Urb. Las Laderas de Melgarejo, La Molina, Lima properly represented by Mr. Andres
Arredondo Bellido identified with DNI No. 10543236 and Jorge Mujica
Gianoli, identified with DNI NO. 09304830, according powers registered on
entry No. 11009127 of the Registry of Legal Entities in the Registry
Office of Lima and Callao who henceforth will be denominated ‘THE BANK”, and on the other DOE RUN PERU
S.R.L., with RUC NO. 20376303811, with address at Av. Victor
Andres Belaunde 147, Via Principal 155, Centro Empresarial Real – Torre Real 3,
Floor 9, San Isidro, properly represented by Mr. Albert Bruce Neil,
identified with Identity Letter for Immigrant No. 000102841, with
faculties for that effect according to powers registered in Electronic Entry No. 11015369
of the Registry of Legal Entities in Lima, who henceforth will be denominated DRP; under the following terms and conditions:


 


FIRST:                           BACKGROUND
AND INTERPRETATION


 


1.1         The terms that appear
capitalized in this Modification have the same meaning that is attributed to
them in the Line of Credit Contract in Foreign Currency celebrated on September 17,
 2002 between THE BANK and
DRP the same which was elevated to
Public Deed on September 25, 2002 by Lima Notary Doctor Ricardo Ortiz de
Zevallos Villaran (herein, the “Line of Credit Contract”), in virtue of which a
line of credit was granted to DRP under the terms and conditions there
established.


 


1.2         With date September 16,
2005, the Parties agreed to extend the Final Expiration Date referred to on
numeral 3.6 of the Third Clause of the Line of Credit Contract until October 23,
2005.


 


1.3         On October 21, 2005
the Parties agreed to extend the Final Expiration Date referred to on numeral
3.6 of the Third Clause of the Line of Credit Contract until November 7,
2005.


 


1.4         On October 31, 2001
the Parties agreed to extend the Final Expiration Date referred to on numeral
3.6 of the Third Clause of the Line of Credit Contract until November 23,
2005.


 

















 


SECOND:           MODIFICATION


 


By means of this modification, the Parties agree to again extend the
Final Date of Expiration referred to on numeral 3.6 of the Third Clause of the
Line of Credit Contract until December 15, 2005.


 


THIRD:               VALIDITY
OF CREDITOR RIGHTS


 


The extension of the Final Expiration Date of the Line of Credit
Contract, does not imply the renunciation by THE BANK
to any creditor right originated before the signing of this document.


 


No fault on the part of THE BANK to
exercise, or any delay in exercising, any right, power or dispensation under
the Line of Credit Contract could be considered as a renunciation to such
rights, powers or dispensations; or the sole or partial execution of any of
such rights powers or dispensations will not be able to be considered as the evasion
of the exercise of any other rights, powers or dispensations.


 


Any renunciation, dispensation and/or release shall be interpreted and
executed in a restrictive manner and for the specific purposes for which it was
granted.


 


FOURTH: CLAUSES NOT MODIFIED AND RATIFICATION


 


The parties expressly agree that all of the remaining Clauses and
attachment to the Line of Credit Contract that have not suffered modifications
according to the Second Clause of this Modification remain unaltered and they
are expressly ratified.


 


The Line of Credit Contract, its attachments and these modifications
constitute the integral agreement between the parties, as it may be
modified or complemented.


 


FIFTH: GUARANTEES


 


The parties expressly agree that the guarantees to which the Guarantee
Contracts refer are maintained without modification or any variation and those
remain guaranteeing all the obligations derived from the Line of Credit
Contract with the modification that is introduced into it by means of this
contract.


 


Add to this Mr. Notary, the remaining clauses by law and rise this
minute to public deed.


 


Lima November 18, 2005


 


	
  /s/ Andres Arredondo Bellido

  	
   

  
	
  Andres Arredondo Bellido

  
	
  Assistant Manager

  



 

















 


	
  /s/ Jorge Mujica Gianoli

  	
   

  
	
  Jorge Mujica Gianoli

  
	
   

  
	
   

  
	
  /s/ Diego Peschiera Miffling

  	
   

  
	
  Diego Peschiera Miffling

  
	
  Attorney

  
	
   

  
	
   

  
	
  /s/ A. B. Neil

  	
   

  
	
  Albert Bruce Neil

  
	
  Doe Run Peru S.R.L.