- 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.
Peru authorities probe possible tailings dam spill at Southern Copper mine
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Symbol | Last Price | % Chg |
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Southern Copper Corporation |