Southern Copper flags progress at key Peru mine

Miner Southern Copper will likely finish building its Tia Maria copper project in southern Peru in up to two years and then begin production in 2027 if not sooner, CEO Oscar Gonzalez told local radio broadcaster RPP.

Reuters reported on Sunday, citing an internal document, that the long-postponed $1.4-billion project located in the Arequipa region's Islay province was set to restart development on Monday, after years on hold amid community opposition over fears about the mine's environmental impact.