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Southern Copper (SCCO) is considering closing its foundry and refinery in southern Peru because...

Southern Copper (SCCO) is considering closing its foundry and refinery in southern Peru because it doesn't think it can comply with limits on sulfur dioxide emissions that will take effect next year, an internal document says. It's unclear how such a closure would affect SCCO's annual copper output, estimated at 650K metric tons this year.
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  • MashieNiblick
    , contributor
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    I take this as nothing more then SCCO letting the Peruvian government know that harsher regulations will hurt business. It's clear from the press release that they've been arguing this with the regulators for some time now and this is the next logical step in the negotiations. Releasing the information via a memo to the staff is a time-honored way to let the world know what could happen if the regulations aren't loosened or delayed.
    5 Jul 2013, 06:00 PM Reply Like
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