US EditionPeru Revokes Southern Copper’s $1.8 Billion Tía María Permit Amid Legal Concerns
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Peru Revokes Southern Copper’s $1.8 Billion Tía María Permit Amid Legal Concerns
Peru has revoked Southern Copper’s (NYSE: SCCO) permit for its $1.8 billion Tía María copper project, casting fresh doubt on a development already marred by years of conflict and delays. The Ministry of Energy and Mines pulled the approval, citing a lack of legal justification and non-compliance with mining and administrative regulations. Incomplete technical plans, […]
The Ministry of Energy and Mines ordered a new technical evaluation of the Tía María mining project, located in the Arequipa region.The decision was taken after the annulment of the authorization that allowed the beginning of the exploitation stage of the cuprimal field.The measure was adopted by the Council of Mining by a decision issued in March 2026.This instance declared the nullity of a permit granted in October 2025 in favor of the company…
The Mining Council of the Ministry of Energy and Mines declared null and void of its own motion the resolution authorizing the initiation of mining activities of the Tía María mining project, located in the province of Islay, Arequipa. The decision, officialized by Resolution No. 236-2026-MINEM/CM on March 19, 2026, leaves [...]
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