Southern Copper Peru receives permission to build their billion-dollar mining project, Tía María

The mining company Southern Copper Peru received on Monday the permission from the Government for the construction of the Tía María mining project, valued at US $ 1.400 billion.

As reported by the local newspaper management, citing sources linked to the matter, the license was granted on Monday at a meeting attended by the ministers of Economy, Carlos Oliva, and Energy and Mines, Francisco Ismodes, as well as, SNMPE board of directors and businessmen miners.

The permission of one of the largest mining projects in Peru, was granted to the company within a month of expiration of the Environmental Impact Study (EIA) of Tía María and despite the opposition shown in recent weeks by the regional authorities of Arequipa and of the areas adjoining the project.

The media details that the decision to grant the permit is due to the commitment assumed by Southern Copper Corporation to postpone the construction of Tía María until achieving, in coordination with the Executive, “spaces for dialogue” with the communities that oppose it.

In a letter sent by the CEO of the mining company Óscar González Rocha, to the minister Francisco Ísmodes, and published by Gestión; the company’s executive acknowledges that “this is not the most favorable moment for the start of construction of the project (…) until it provides the answers and guarantees that the population needs”.

At the end of last June, the president of Peru, Martín Vizcarra, expressed his concern about the case and said that the Tía María project “is important”. “We have to find a way in the future to be a reality, but we have always said talking with the population and the authorities in the area of ​​direct influence of the project,” said the president.

Tía María considers the construction of an open pit mine and a production of 120,000 tons of copper per year.

Studies indicate that there are 638 million tons of ore with an average copper grade of 0.39%.

Previously, the company had reported that the construction of the Tía María project will require 3,600 workers, without considering the additional 10,800 jobs that are generated indirectly.

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