Rate Of Return【Peru Revokes Southern Copper's $1.8 Billion Tia Maria Copper Mine Permit】
On April 10, 2026, Peru's Ministry of Energy and Mines revoked the permit for Southern Copper's $1.8 billion Tia Maria copper mine project, citing "lack of legal basis" and incomplete technical documents. The permit, which was only issued in October 2025, was revoked in less than five months, casting a shadow over the plan to start production by the end of 2026/early 2027 (with a planned annual copper output of 120,000 tons). The project has been stalled for nearly 20 years due to environmental and community disputes, with historical protests resulting in six deaths.$Southern Copper(SCCO.US)
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