Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Chile files four environmental charges against Anglo American mine

by
December 24, 2024
in Stock
0
Chile files four environmental charges against Anglo American mine

SANTIAGO (Reuters) -Chile’s environmental regulator has filed four charges against the major Los Bronces copper mine, controlled by Anglo American (JO:AGLJ), 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 255,000 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 did not immediately respond to a request for comment.

One charge 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 in a statement.

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 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.

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)

This post appeared first on investing.com
Previous Post

Amicorp Group denies alleged fraud of over $7 billion in Malaysia’s 1MDB scandal

Next Post

Asia stocks rise in holiday-thinned trade on tech boost

Next Post
Asia stocks rise in holiday-thinned trade on tech boost

Asia stocks rise in holiday-thinned trade on tech boost

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    Dem voters were less enthusiastic when Trump touted crackdown on cartels and fentanyl, SOTU dial reveals

    Dem voters were less enthusiastic when Trump touted crackdown on cartels and fentanyl, SOTU dial reveals

    February 26, 2026
    Trump’s Iran ultimatum enters decisive stretch after State of the Union

    Trump’s Iran ultimatum enters decisive stretch after State of the Union

    February 26, 2026
    Domestic Metals: Investing in America’s Copper Future to Meet Critical Metal Demand

    Domestic Metals: Investing in America’s Copper Future to Meet Critical Metal Demand

    February 26, 2026
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • Dem voters were less enthusiastic when Trump touted crackdown on cartels and fentanyl, SOTU dial reveals
    • Trump’s Iran ultimatum enters decisive stretch after State of the Union
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2026 proudforprofits.com | All Rights Reserved