Market Brief
Southern Copper Awarded Construction Permit for Peru's Tia Maria Mine, an Industrial Info Market Brief
Southern Copper Corporation, a subsidiary of Grupo Mexico SAB, has received approval to begin construction of the Tia Maria Copper Project by the government of Peru. The $1.4 billion project, which has been in the works since 2007, has been delayed by an extensive environmental permitting process and local opposition. Southern Copper is developing more than $8 billion worth of projects in Latin America. The company has agreed not to commence construction until it gets approval from local communities.
Released Thursday, July 11, 2019
Reports related to this article:
Southern Copper Corporation, a subsidiary of Grupo Mexico SAB, has received approval to begin construction of the Tia Maria Copper Project by the government of Peru. The $1.4 billion project, which has been in the works since 2007, has been delayed by an extensive environmental permitting process and local opposition. Southern Copper is developing more than $8 billion worth of projects in Latin America. The company has agreed not to commence construction until it gets approval from local communities.
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