Peru Rejects Southern Copper Mine Study

Reuters reports that on Friday, Peru’s government announced an environmental impact study presented for Southern Copper’s (NYSE:SCCO) $1 billion Tia Maria mine was “inadmissible”.

The market news is quoted as saying:

Southern Copper’s chief executive Oscar Gonzalez said last week he would discuss whether to continue with the project at a board meeting later this month, following violent protests by local farmers.

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