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Peru suspends permit for Southern Copper's $1.4 billion Tia Maria project

From uk.reuters.com

Peru has suspended a construction permit it recently gave to Southern Copper Corp (SCCO.N) for its $1.4 billion Tia Maria copper project while officials can re-evaluate its legality, authorities announced late on Friday. In an interview with local broadcaster RPP, Energy and Mines Minister Francisco Ismodes said all five members of a government commission had voted to suspend the license during a review that is under way. The permit will be suspended until government officials evaluate its legality along with objections from local authorities in the Arequipa region where Tia Maria, a $1.4 billion project, would be ... (full story)

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