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.
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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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