Southern Copper has scrapped plans for further development of its $1.4bn Tia Maria copper mine project in southern Peru.

The company said it will not continue to build the copper mine due to ongoing protests and a lack of government support.

Last week, protestors in Peru’s Arequipa region clashed with police while demonstrating against the project.

Local police fired tear gas and rubber bullets at around 600 to 700 people, as they held an ‘indefinite strike’ that threatened to delay work.

"It will not continue to build the copper mine due to ongoing protests and a lack of government support."

Southern Copper institutional relations director Julio Morriberon told RPP radio: "Our company isn’t ready to be a victim of these violent persons even more so when the government doesn’t give us the guarantees and the needed backing."

Protesters opposed the Tia Maria project saying that it could damage water supplies, among other environmental concerns.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In August 2014, the company secured environmental approval for the mine from the Peruvian Ministry of Energy and Mining (MINEM) to move forward with the project development.

Southern Copper had planned to produce 120,000t of copper cathodes a year and Tia Maria was due to start operations by 2017.

The decision to abandon progress at Tia Maria mine is said to be a blow for the government, as it was hoping to increase the country’s copper production.

Southern copper operates mines and smelters in Mexico and Peru, in the Andes mountains south-east of Lima. It producing and refines copper, molybdenum, zinc, silver, lead and gold.

Mexican mining conglomerate Grupo México owns 75.1% of Southern Copper.