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Peru PM not to impose any copper projects on communities-2018 China(Guangzhou)Int’l Non-Ferrous Metal(Copper)Exhibition 4/25/2018 有色金属展-Copper exhibition -non-ferrous metals exp |
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Investing News reported that operations at Southern Copper’s Tia Maria were suspended in 2015 following deadly protests by local farmers worried about the environmental impact of the mine on local water supplies.
Peru’s freshly minted prime minister, Mr Cesar Villanueva, who assumed office on April 2, was quizzed by reporters at a press conference on what his government will do about the colossal mining project. Mr Villanueva said that “We’re not going to impose any mining project without communities feeling at ease first that’s what dialogue is for.” He added that the government will encourage mining operations, but will only approve projects that have local support. Peru is the world’s second-largest copper-producing country.
The prime minister’s comments could frustrate efforts by Arizona-based Southern Copper, which last year said it had been working with the Peruvian government to acquire a construction license for Tia Maria.
In February, Southern Copper reported that it had completed engineering and had obtained approval for its environmental impact assessment.
The company stated in its yearly results report that “[Southern Copper is] working jointly with the Peruvian Government to obtain the construction license for this 120,000 tons of SX-EW copper per year greenfield project with a total capital budget of USD 1,400 million. We expect the license to be issued in the first half of 2018.”
Southern Copper has yet to respond to Villanueva’s comments.
Protests by local residents have also caused gold-mining projects to be shelved by top gold producer Newmont Mining, which operates Yanacocha, South America’s largest gold mine.
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