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MINING.com reported that Southern Copper (NYSE: SCCO) may be able to restart work at its controversial $1 billion Tía María copper project near Arequipa, Peru, as soon as January next year, which would allow the company to kick off operation by March.
MINING.com reported that Southern Copper (NYSE: SCCO) may be able to restart work at its controversial $1 billion Tía María copper project near Arequipa, Peru, as soon as January next year, which would allow the company to kick off operation by March.
As quoted in the market news:
The Arizona-based company was expected to file Monday its latest environmental impact assessment (EIA) to Peru’s Ministry of Energy and Mines, which has up to 10 days to review it.
If approved by the local community and other stakeholders, the Tía María project, halted in 2011 after clashes between residents and police that left three dead, could began productionabout a year ahead of schedule.
Tía María is expected to generate 120,000 tons of copper a year.
