Economic news

Chile files environmental charges against Anglo American copper mine

2024.12.27 09:27

(In Dec 23 story, corrects paragraph 3 to show Los Bronces output in 2023 was 215,500 metric tons of , not 255,000 tons.)

By Fabian Cambero

SANTIAGO (Reuters) -Chile’s environmental regulator has filed four charges against the major Los Bronces copper mine, controlled by Anglo American (JO:), for noncompliance with environmental permits, the agency said on Monday.

The charges could carry a fine of nearly 17 billion pesos ($17.17 million), according to the Superintendency of the Environment, or SMA.

Los Bronces is one of Chile’s biggest copper mines with output of 215,500 metric tons last year, as well as a key project for Anglo American, which has been a takeover target of larger rival BHP.

Anglo American said in a statement that it was analyzing the accusations to determine its next steps.

One of the charges was deemed “very serious,” the highest of three offense levels, for noncompliance dating back to a 2014 sanction.

At the time, the SMA found that Anglo American Sur, the local unit that operates Los Bronces, failed to resolve acid drainage at the Esteriles Donoso tailings deposit, designed to hold mine waste.

“The company has not implemented a definitive solution … it constitutes a repetition of acts previously sanctioned,” the SMA said.

The tailings deposit is not currently in use, Anglo American said, stating that in October it submitted a request for an environmental permit to fix the issue.

The regulator also filed two charges in the mid-level “serious” category. One was against Anglo American for not designing a mitigation system for acid waters collected downstream of the Esteriles deposit, and another for not taking measures to control seepage in Las Tortolas tailings dam.

The miner said it is “working to optimize the hydraulic barrier approved by the regulator to improve seepage control.”

The SMA also found that Anglo American had not reported to the agency complete data related to water and tailings, a violation it categorized as “minor.”

The miner has 15 days to present a mitigation program, and 22 days to contest the charges.

© Reuters. FILE PHOTO: A worker walks near a drill rig in a pit at Anglo American's Los Bronces copper mine in Chile, obtained by Reuters on April 26, 2024.  Anglo American/Handout via REUTERS/File Photo

The SMA earlier this month also filed three charges against Anglo American for violations at its El Soldado copper mine in the Valparaiso region.

($1 = 989.9000 Chilean pesos)



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 85,123.81 6.64%
ethereum
Ethereum (ETH) $ 2,216.31 4.44%
tether
Tether (USDT) $ 0.999935 0.04%
xrp
XRP (XRP) $ 2.17 6.85%
bnb
BNB (BNB) $ 595.14 4.28%
solana
Solana (SOL) $ 141.53 8.25%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.204656 9.84%
cardano
Cardano (ADA) $ 0.640177 7.31%
staked-ether
Lido Staked Ether (STETH) $ 2,214.36 4.33%
tron
TRON (TRX) $ 0.236539 5.65%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,978.77 6.63%
hedera-hashgraph
Hedera (HBAR) $ 0.234426 25.48%
litecoin
Litecoin (LTC) $ 126.66 6.61%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,645.53 4.30%
chainlink
Chainlink (LINK) $ 14.61 6.03%
stellar
Stellar (XLM) $ 0.303249 15.90%
avalanche-2
Avalanche (AVAX) $ 21.76 3.41%
sui
Sui (SUI) $ 2.83 8.21%
leo-token
LEO Token (LEO) $ 9.23 0.77%
the-open-network
Toncoin (TON) $ 3.31 2.83%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 3.82%
usds
USDS (USDS) $ 1.00 0.01%
mantra-dao
MANTRA (OM) $ 7.45 2.22%
polkadot
Polkadot (DOT) $ 4.60 0.68%
hyperliquid
Hyperliquid (HYPE) $ 19.59 0.96%
weth
WETH (WETH) $ 2,215.71 4.59%
bitcoin-cash
Bitcoin Cash (BCH) $ 312.35 11.58%
ethena-usde
Ethena USDe (USDE) $ 0.998975 0.02%
bitget-token
Bitget Token (BGB) $ 4.06 6.85%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,354.15 4.57%
uniswap
Uniswap (UNI) $ 7.41 2.64%
monero
Monero (XMR) $ 220.05 6.18%
whitebit
WhiteBIT Coin (WBT) $ 26.56 3.89%
aptos
Aptos (APT) $ 6.46 10.82%
near
NEAR Protocol (NEAR) $ 3.09 9.53%
dai
Dai (DAI) $ 1.00 0.03%
pepe
Pepe (PEPE) $ 0.000008 2.55%
ondo-finance
Ondo (ONDO) $ 1.02 11.47%
internet-computer
Internet Computer (ICP) $ 6.43 4.55%
susds
sUSDS (SUSDS) $ 1.04 0.22%
ethereum-classic
Ethereum Classic (ETC) $ 19.35 5.78%
aave
Aave (AAVE) $ 188.74 3.47%
bittensor
Bittensor (TAO) $ 324.70 7.21%
okb
OKB (OKB) $ 45.04 5.24%
official-trump
Official Trump (TRUMP) $ 13.32 18.52%
gatechain-token
Gate (GT) $ 21.03 5.02%
mantle
Mantle (MNT) $ 0.754967 8.00%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 85,149.81 6.65%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.270272 4.16%