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Giant Copper Mine Unblocked as Peru Awards Tia Maria Permit
Latin America’s second-largest copper producer got the green light to build a giant mine that’s key to plans to become one of the world’s top three producers of the metal. The Peruvian government awarded Southern Copper Corp. the license to start building its $1.4 billion Tia Maria project, which has been delayed since at least 2010 amid sometimes deadly protests, the company said in a statement on Tuesday. Southern Copper said it won’t start building the mine until concerns from local communities are resolved. Tia Maria is a big part of the Grupo Mexico SAB-owned company’s plans to get ahead of competitors Glencore ... (full story)