Southern Copper Corp. hopes to begin construction as early as this year on a once hotly contested copper mine in Peru as sociopolitical tensions ease and authorities back the project.
The company has had permits to build its Tía María project for years, but has withheld them due to environmental opposition. A 2019 decision to approve its license sparked weeks of protests and then-President Pedro Castillo called the mine a failure. The current government says it supports it.
“We are seeing the opportunity that this presents for the region and the country,” CFO Raúl Jacob said in an interview on Monday.
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