Southern Copper Corp Mining News

The world's 10 largest copper mining projects

INTERACTIVE MAP: Together reserves at the global top 10 copper mining projects are worth more than $360 billion.

Southern Copper's $1.2bn Peru mine expansion ready by year-end

The new section of the Toquepala open-pit mine in southern Tacna, Peru, is expected to begin operations in early 2018.

Mining projects worth $56 billion to come on stream in Peru beginning 2016

China is currently the top investor in the country's sector, pumping $19.2 billion into several copper, gold and silver projects.

Peru's Garcia makes mining key pillar of his presidential campaign

The former president says lack of immediate benefits for communities has driven mining opposition causing the country to lose billions worth of gold and copper projects.

Over $21bn worth of mining projects delayed in Peru due to social conflict

Six people have been killed in anti-mining protests so far this year, including three at last week's clash between police and locals near Las Bambas copper mine.

Peru mining investment down 14% on unrest, violence, low metal prices

Total for this year may be $7.7 billion, down from 2014's $8.7 billion and significantly lower than a record $10 billion in 2013.

Southern Copper mulls extending Tia Maria project halt

The company could extend a 60-day pause in effect since late May to allow locals more time to clear up their doubts about the project’s environmental impact.

State of emergency in Peru as anti-mining violence leaves 4 dead, dozens arrested

The move suspends civil liberties, allowing police and troops to enforce curfews in an effort to end two months of fresh violence in Arequipa.

One killed at protests against Tia Maria copper project in Peru

Farmers, anti-mining activists and local leaders have opposed the project for years, claiming it will pollute key waterways for Arequipa, where the mine will be built.

Southern Copper's $1.2bn Toquepala mine expansion OK’d

The expansion will boost the capacity of the Peruvian mine's copper concentrator to 120,000 tonnes per day from 60,000.

Southern Copper’s Tia Maria safe for the environment — Peru minister

Minister of the Environment Manuel Pulgar-Vidal said the debated and long-delayed copper mine won’t hurt water supplies as opponents claim.

Less than 2% of Peru’s total mining concessions are active

Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.

Chinese investment to make Peru world’s second-largest copper producer

Chinese backers are now behind one-third of all Peru’s new mining investments by value.

Peru gives Southern Copper’s $1.4bn Tia Maria copper mine final approval

The mine is expected to produce 120,000 tons of copper a year during its 20 years of mine life.

Peru set to become world’s second largest copper producer in 2016

Currently China is the second largest producer of the red metal, with an annual output of about 1.6 million tonnes per year.

Peru set to regain world’s second largest copper producer place this year

The South American nation lost the title to China in 2012.

Five major copper mines to begin operations in Peru by 2016

Combined estimate investment exceeds $13 billion, says the government.

Peru’s $1bn Tia Maria copper mine gets social license, to restart mining soon

Work is likely to restart within the next 90 days, a top government official said following a public meeting with local residents.

Southern Copper’s $1bn Tia Maria mine to begin production in March

The Peruvian copper project, halted in 2011 after clashes between residents and police that left three dead, could began production about a year ahead of schedule.

Southern Copper evaluating construction of hydroelectric plant in Peru

Southern Copper Corp. is evaluating the construction of a hydroelectric plant in Peru to mitigate the impacts that the energy crisis in the second world producer of copper may have in its operations, said the company’s president Oscar Gonzalez.

Southern Copper delays $1 billion mine opening in Peru

Record annual earnings of more than $2 billion released today by key global copper producer Southern Copper Corp (NYSE:SCCO), were overshadowed by the company’s decision of pushing back the beginning of its operation at the $1 billion Tia Maria project until 2015.

Peru cancels Tia Maria copper mine project after protests: BBC

The Peruvian government has cancelled a billion-dollar copper mining project near Arequipa, Peru, after clashes between police and protesters left three dead last week, BBC News reported: The mining ministry said the environmental impact assessment […]

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.

Cananea strike, Santa Eulalia flooding cut into Southern Copper production

Phoenix-based Southern Copper, a subsidiary of Mexican conglomerate Grupo Mexico, Wednesday reported increased molybdenum production in 2010, while copper, zinc, and silver production all declined last year.