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Southern Copper postpones $1bn Tia Maria project

Mineweb | March 30, 2011 | 6:49 am Base Metals Latin America Copper 
Peru Country flag mining

Southern Copper, one of the world’s largest producers of the metal, has postponed its $1 billion Tia Maria mining project in Peru because of social conflicts, Chief Executive Oscar Gonzalez said on Tuesday.

The company (SCCO.N: Quote) will revise the project’s viability later this month and consider alternative sites in Argentina and Ecuador in the meantime, Gonzalez told local television.

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