Aaron Puna, executive president of AngloAmerican Chile, said El Soldado Phase V project's rejection sends a “confusing signal” to the global mining community. via CeciliaJamasmie
Anglo American is planning to appeal a Chilean environmental commission’s rejection of its $40 million operational continuity project for El Soldado copper mine, 125km north of the capital Santiago.
An EIA is a process for anticipating the effects on the environment a project can cause before taken a decision on whether not to proceed with it. An EIS is the document produced as a result of that process that is presented to decision makers. “As in any country in which we operate, we need a relatively stable environment, both fiscally and politically, to allocate capital to projects in the country,” Puna said in a“The decisions we are seeing make investment difficult and have a direct impact, not only on how we are looking at the future of our operations, but on how the global mining industry sees Chile’s business climate,” he noted.
The mining giant says the project was designed following sustainability standards, and with the aim of adapting the operation to climate change by reducing the use of water and emissions.
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