Peru suspends permit for Southern Copper's $1.4 billion Tia Maria project

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Peru suspends permit for Southern Copper's $1.4 billion Tia Maria project
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Peru has suspended a construction permit it recently gave to Southern Copper Cor...

FILE PHOTO: Peru's Energy and Mines Minister Francisco Ismodes next to Peru's President Martin Vizcarra speaks to foreign media during a news conference at the Government Palace in Lima, Peru June 5, 2018. REUTERS/Mariana Bazo

LIMA - Peru has suspended a construction permit it recently gave to Southern Copper Corp for its $1.4 billion Tia Maria copper project while officials can re-evaluate its legality, authorities announced late on Friday. In an interview with local broadcaster RPP, Energy and Mines Minister Francisco Ismodes said all five members of a government commission had voted to suspend the license during a review that is under way.

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