Codelco gets environmental permit for $2.8B Ministro Hales mine extension
Chile’s Ministro Hales mine. (Courtesy of Codelco via Flickr)
Chilean state-run miner Codelco said on Wednesday it had received environmental approval to extend the life of its Ministro Hales copper mine until 2054, a project that will require an investment of $2.8 billion.
The world’s largest copper producer said the initiative will allow the mine to increase production to 200,000 tons per year, up from the current 170,000 tons.
(By Fabian Cambero; Editing by Sarah Morland)
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