Codelco to alter Andina copper mine after criticism from environmentalists
Chilean state-owned copper mining company Codelco, also known as the world’s largest producer of copper, has laid out a $250mn plan to alter its Andina mine as a result of glaciers in the region, Reuters reports.
The action is set to be taken in the wake of some harsh criticism towards Codelco from environmentalists due the mine’s close proximity to the glaciers.
The company announced that the movement project will take approximately a three year to carry out, which remains reliant upon the improvement of an environmental impact study.
The company does not expect the changes to alter either the capacity, output, or life expectancy of the mine that currently produces hundreds of thousands of tonnes of Copper annually.
“It modifies the shape of the current pit, maintaining its size but redirecting the mining extraction toward zones where glaciers are not present,” Codelco said.
The company is also currently working on the development of a copper mine in Northern Chile, with production expected to begin in 2019.
- First Quantum & Tertiary sign copper exploration agreementTechnology
- China increases copper import pace, following price plummetSupply Chain & Operations
- Pipeline leak cuts Antofagasta's copper productionSupply Chain & Operations
- BHP warns of tightening global growthSupply Chain & Operations