Southern Copper Delays Tia Maria project in Peru to 2015

Reuters Africa reported that Southern Copper Corp. (NYSE:SCCO) will delay the commencement of its Tia Maria project in Peru to 2015 even after reporting an annual earnings of more than $2 billion.

As quoted in the market news:

The company said last week it was starting a new environmental impact study on the Tia Maria project, which had been expected to start producing 120,000 tonnes of the red metal per year in 2013.

Click here to read the full Reuters Africa report.