Latin America’s second-largest copper producer got the green light to build a giant mine that’s key to plans to become one of the world’s top three producers of the metal.
The Peruvian government awarded Southern Copper the license to start building its $1.4-billion Tia Maria project, which has been delayed since at least 2010 amid sometimes deadly protests, the company said in a statement on Tuesday. Southern Copper said it won’t start building the mine until concerns from local communities are resolved.