Summary by Moomoo AI
On July 1, 2024, Southern Peru Copper Corporation (SPCC), the Peruvian branch of Southern Copper Corporation, announced the restart of construction for the Tia Maria project in Islay province, Arequipa region, Peru. This decision follows discussions with the Peruvian government regarding the optimal approach for the project.The restart takes into account the current social and political conditions in Islay province, the broader region, and at the national level. This move signifies a major development for Southern Copper's operations in Peru, potentially impacting its future production capacity and regional economic influence.
