Southern Copper Corp

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Southern Copper delays $1 billion mine opening in Peru

Cecilia Jamasmie | February 9, 2012
Toquepala_Mine333

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

    Andrew Topf | April 12, 2011
    Hard hat Peru mining

    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 presented for the $1bn (£600m) …

  • Southern Copper postpones $1bn Tia Maria project

    Mineweb | March 30, 2011
    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.

  • Cananea strike, Santa Eulalia flooding cut into Southern Copper production

    Mineweb | February 3, 2011
    southern copper box

    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.

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