Peru says to issue final permit for Southern Copper mine in daysBY Reuters
— 1:28 PM ET 07/31/2014
LIMA, July 31 (Reuters) - Peru said on Thursday it will issue the long-awaited environmental permit for Southern Copper Corp's (SCCO
) Tia Maria project by Monday, removing the final hurdle to construction on the stalled $1.4 billion project.
Deputy Mines Minister Guillermo Shinno said all questions about the company's environmental impact study for the project in Southern Peru have been answered satisfactorily and that an official approval is being written now.
finally.... look to test 35 if can break, then 38 and possibly even test 40 through end of year as this stock tends to be bullish Sept thru December. I would sell 1/2 end of year or move up my stop at that point.