Southern Copper has secured $1.25 billion in financing for its Tía María copper project in Peru, marking a significant financial commitment to a mine that has been stalled by protests for over a decade.
The funding, arranged through a New York-based transaction, is intended to support the development of the project, with first output now targeted for 2027.
Data indicates that mining investment in the country jumped 44% in the first four months of 2026, reaching $2.
The move by Grupo México’s subsidiary underscores a strategic determination to advance the project despite years of community resistance and legal challenges.
By locking in substantial capital, the company signals confidence in its ability to navigate the regulatory and social landscape in Peru, a critical hub for global copper supply.
This development aligns with a broader trend of increased mining investment in Peru.
Data indicates that mining investment in the country jumped 44% in the first four months of 2026, reaching $2.05 billion.