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

  • 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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ADance
Aug 11, 2019 1:13pm
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Hi:
I live in Peru, and here the problem is foreign NGOs that socially agitate people and local governments against large mining companies and against the decisions of the Central Government.
It is pitty that very particular non-governmental foreign interests (mostly from Europe), act freely within Peru, which causes great damage to the country's development.
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Aussi
Aug 10, 2019 10:13pm
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all this means is more bribes i would think
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