Southern Copper's long-stalled Tia Maria project in Peru is set to break ground by the end of the year or in the first half of 2025, a senior company...
LIMA - Southern Copper 's long-stalled Tia Maria project in Peru is set to break ground by the end of the year or in the first half of 2025, a senior company executive told Reuters, which would mark a major breakthrough for the $1.4 billion mine.
Peru, the world's second largest exporter of copper, is battling to rev up production as it jostles with rival producer the Democratic Republic of Congo and looks to revive a faltering economy after years of political turmoil and unrest. In 2019, after new protests, the government suspended its construction license for 120 days and agreed with Southern Copper that the project would only move forward when the social conditions were suitable.
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