On October 30, local time, the Peruvian government gave an important green light to the long-delayed Tia Maria copper mine of (Southern Copper Corp), the southern copper company, but warned that the project would not be able to proceed if appropriate social and environmental conditions were not met.
After violent protests, the authorities suspended construction permits and SCCO had to cancel its work in August to allow officials to assess objections from residents and local authorities to the construction site of the factory.
"however, we also reiterate that our government will not implement the Tia Maria mining project without environmental and social conditions for development," the Peruvian government said. "
Starting Thursday, the Environmental Inspection Committee will assess the feasibility of the project, officials added.
SCCO hopes the project will be completed by 2020; once completed, the mine is expected to produce 120000 tons of copper a year for an estimated 20 years of service life.
Peru, the world's second-largest copper producer, whose mining industry accounts for 60 per cent of its exports, is seen as the key to increasing investment.
Manuel Fumagalli (Manuel Fumagalli), president of the National Institute of Mining, Petroleum and Energy, said in a statement: this is an important signal that will promote investment in the mining industry and the national economy.
A grand event for thousands of people in China's non-ferrous metal industry
Shanghai Colored net (SMM) Annual meeting is an annual event of the metal industry, which is attended by thousands of people every year. People from the metal industry at home and abroad gather to review and sum up the experience and harvest of the year, and lay the groundwork for the production, operation and operation of the coming year.
This year's "2019 China Nonferrous Metals Industry Annual meeting and 2020 (SMM) Metal Price Forecast Conference" was jointly created by SMM and China Renewable Resources Industry Technology Innovation Strategic Alliance and Shanghai Nonferrous Metals Industry Association. At the same time, the first "China Renewable Metals Industry chain Development Summit Forum" was held, and SMM metal price forecasting conference and waste battery recycling exchange were set up for you to enjoy. From the development of non-ferrous metal market to the recycling of renewable resources, from the detailed explanation of policies and systems to the research and development of industrial chain technology.
This is not only a meeting, but also a brainstorm for the industry to exchange information and collide with the spark of thinking!
"Click to sign up for SMM Annual meeting