Southern Copper Expects ‘Positive Result’ on Peru Tax Talks

Southern Copper Corp., the largest copper producer in Peru, said it expects a “positive result” from talks with the government of President Ollanta Humala on a new windfall tax the country plans to levy on miners.

The government, which took office last week, is likely to support new mining projects such as Southern’s $1 billion Tia Maria copper mine, Financial Planning Manager Raul Jacob said. Peru is the world’s third-largest copper and zinc producer.