Moody's: Southern Copper unchanged

Moody's Investors Service commented that the uncertainty surrounding Southern Copper Corp.'s Tia Maria project in Peru has no impact on the company's Baa2 rating.

The outlook is stable.

The project had an environmental impact assessment, which was declared unacceptable by the mining and energy ministry, Moody's said.

The agency added that the likely imposition of some form of increased taxes on the mining industry also will not impact the rating.

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