+44 207 394 30 90 (London)

Peru lets Southern Copper keep building $1.4bn Tia Maria mine

Main » News » Peru lets Southern Copper keep building $1.4bn…

The Peruvian government confirmed on Wednesday it had given Southern Copper (NYSE: SCCO) permission to resume construction at its $1.4 billion Tia Maria project, in the southern Islay province of the Arequipa region.
The world’s fifth largest copper producer by output had to cancel work in August, after authorities suspended the construction licence to evaluate objections from residents and regional authorities related to where the plant would be built.

Southern Copper, a subsidiary of Grupo Mexico, has experienced several setbacks since it first announced its intention to develop Tía María in 2010.

The construction plan has been halted and readjusted twice, in 2011 and 2015, due to fierce opposition by locals. They worry about Tia Maria’s environmental impacts and the possibility of an open-pit mine damaging crops and water supplies.

In July, residents of Valle del Tambo, the closest town to the Tía María site, staged weeks-long protests and carried out a general strike to express their rejection of the project. They were later joined by a number of regional unions.

Southern executives, however, are hopeful that the project will be developed by 2020. Once completed, the mine is expected to produce 120,000 tonnes of copper a year over an estimated 20-year lifespan.

Source: https://www.mining.com/


Maxam to supply blasting solutions in Chilean mine

Lomas Bayas is an opencast copper mine in Chile, operated by Glencore. Maxam, a supplier of blasting solutions for mining and infrastructure, has been selected by the mine to provide its bulk explosive, Rioflex, along with other solutions. With this contract, Maxam continues to expand its operations. It currently has more than 80 industrial facilities,…

Peru ready to mine uranium, government says

A representative from the Peruvian Ministry of Energy and Mines said this weekend that the country is ready to start mining uranium in the southern Puno region. During a workshop on uranium mining targeted at public service personnel, Martha Vásquez, head of the Mining Management Division at the ministry, said that the country is well-equipped…

Colombia’s artisanal gold miners now part of a traceable global supply chain

A group of international organizations, led by Switzerland’s Better Gold Initiative (BGI), has extended their responsible mining initiative to hundreds of artisanal gold miners from El Chocó, Colombia, which are now part of a fully traceable and accountable international supply chain. About 500 local gold panners or “barequeros” have benefited from the initiative, with aims…