Southern Copper postpones $1bn Tia Maria project

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.