SHANGHAI, Aug. 22 (SMM) – The Chilean government rejected on Monday a controversial $2.5-billion copper and iron project proposed by privately-held Andes Iron, though the company vowed to appeal.
The project will produce 12 million tonnes of iron and 150,000 tonnes of copper annually.
Chilean environmental protection minister Marcelo Mena indicated that the project would likely have a significant impact on a Humboldt penguin reserve.
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