Peru on Friday suspended a recently issued construction permit for Southern Copp...
), has sought to build Tia Maria for nearly a decade, but opposition from local farmers and residents who fear pollution and loss of water supply has thwarted the effort.
Southern Copper did not immediately respond to requests for comment. Ismodes said the permit was suspended to comply with a unanimous decision by a government mining commission. The suspended permit deals a fresh blow to business confidence in Peru amid slowing economic growth, but it might help calm violent protests against Tia Maria that have blocked $400 million in copper shipments from the port of Matarani.
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