Southern Copper Mining News

Southern Copper wants to shoot the lights out

World number five producer adding 600,000 annual tonnes in six years.

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.

Copper prices plummet on China worries, oil collapse

The London Metal Exchange’s three-month copper contract fell as much as 1.4%, the most since Feb. 10, to $4,580 a metric ton.

Copper prices falling like it's 2009

The fresh collapse dragged main producers down, with BHP Billiton, the world’s largest miner, hitting a decade-low.

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.

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.

Peru sends troops to quell mine protest

The Peruvian government has deployed troops near the Tia Maria copper project, to deal with the deaths of a protester and a policeman over the past week.

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.

Grupo Mexico billionaire buying buoys Southern Copper’s stock

German Larrea is purchasing stock in mining unit Southern Copper Corp. (SCCO) to reinforce confidence amid falling metal prices.

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.