Southern Copper to boost budget for Peru's Tia Maria mine to $1.8 bln

Reuters

02-12

Southern Copper to boost budget for Peru's Tia Maria mine to $1.8 bln

LIMA, Feb 11 (Reuters) - Southern Copper SCCO.N, a unit of mining giant Grupo Mexico GMEXICOB.MX, will increase the budget for its Tia Maria mine in Peru to $1.8 billion, the unit said in a statement on Tuesday, up from its previous spending plan of $1.4 billion for the project.

(Reporting by Marco Aquino; Editing by Kylie Madry)

((david.aliregarcia@thomsonreuters.com; +52 55 5282 7151; Reuters Messaging: david.aliregarcia.thomsonreuters.com@reuters.net))

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