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Peru authorities probe possible tailings dam spill at Southern Copper mine

Feb. 11, 2019 11:50 AM ETSouthern Copper Corporation (SCCO) StockSCCOBy: Carl Surran, SA News Editor2 Comments
  • Peru’s environmental watchdog says it is investigating a potential tailings spill from Southern Copper's (SCCO -2%) Cuajone mine into a river in an area that has been inundated by heavy rains.
  • The authority says it detected a "flow of a greenish solution" starting Friday into the nearby Torata River in the waste deposit area of the operation; the spill apparently stopped yesterday.
  • SCCO says it shut down the processing plant at Cuajone as a preventative measure on Friday but believes there was no tailings spill.
  • Some areas in northern Chile have suffered the highest levels of rainfall in 40-plus years, leaving six people dead, and neighboring Chile, the world's top copper producer, also has suspended some copper operations due to unusual rainfall.
  • If a spill at Cuajone actually occurred, SCCO could see renewed opposition to its $1.4B Tia Maria project, which has been stalled for years amid communities' concerns over the potential impact on water and air quality.

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