Hochschild Mining hit by delays in Peru

Precious metals group Hochschild Mining has said that it now expects to get the construction permits for its Inmaculada and Crespo projects in the second half of 2013 following delays by the Peruvian government.

Precious metals group Hochschild Mining has said that it now expects to get the construction permits for its Inmaculada and Crespo projects in the second half of 2013 following delays by the Peruvian government.

As announced in August with its first-half results, Hochschild said that due to changes made by Peru to the submission requirements for construction permits will (together with the number of industry applications being processed) "lead to a longer-than-anticipated permitting process".

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