Peru OKs environmental study for Southern Copper mine expansion

• Peru's government approves the environmental study for Southern Copper's (SCCO +2.8%) $1.2B expansion of its Toquepala mine, a project expected to raise the miner's copper output by 100K metric tons/year.
• Construction on the expansion, which will add a new concentrator at the mine and boost its tailings storage capacity, is scheduled to wrap up in two years.