Peru’s Tia Maria Copper Project Continues to Face Delays

Southern Copper’s Tia Maria copper project continues to face delays in Peru due to strong local opposition and operational hurdles.

Southern Copper's Tia Maria project in Peru remains delayed despite efforts by the government to push it forward, according to mining and energy minister Romulo Mucho Mamani. "In 2024, we have attempted in every way to get Tia Maria off the ground, but it will take a bit longer," Mamani said, referencing local opposition to the project. 

Tia Maria, with an estimated cost of $1.4 billion and a projected capacity of 120,000 metric tonnes per year, has faced community resistance since 2009. Protests over the years have resulted in deaths and injuries, though their intensity has waned in recent years. 

Mamani noted that getting the project started is "a matter of time" as conditions are already in place. In addition to Tia Maria, the government plans to approve two other mining projects in 2024, including Zafranal and Pampa de Pongo.

No comments

Post a Comment