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Tuesday, September 6, 2011

Chile government gives nod for five coal mines

Tuesday, 06 Sep 2011

Local media report the Chilean government has given approval for the first of five coal mines to be constructed at Isla Riesco, a coastal precinct almost at the most southern tip of the country.

The first mine, Mina Invierno, is part of a USD 500 million project underwritten by the Copec and Ultramar companies. The partners aim to eventually supply 30% of Chile’s coal requirements from the Isla Riesco Island project which has a life expectancy of more than 25 years.

Chile’s opposition has flagged that it intends to oppose the project on the grounds of environmental impact, particularly on vulnerable species like the huemul (species of deer), puma and condor.

(sourced from coalportal)

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