Andes Iron

Andes Iron is a Chilean exploration and mining company with two major projects in Chile.

The Dominga project is a proposed open-pit copper mine with accompanying processing plant, desalination plant, slurry pipelines and an export port.[1] The project was challenged by environmentalists, including the marine conservation organisation Oceana, for its potential to impact the Humboldt Penguin National Reserve and the wider marine ecology of the area, which they describe as a marine biodiversity hotspot. The project's environmental license was rejected in 2017,[2] then successfully appealed after a change of Chilean government. The company was expected to start work on the Dominga project by 2020.[3] The company stated that it would be prepared to concede its proposed port at Totoralillo, Coquimbo if Compañía Minera del Pacífico, a subsidiary of Chilean iron producer CAP, was permitted to construct their proposed Cruz Grande port nearby.[4][5]

The company's other project, Iman, is a prospective iron ore mine. It is owned in a 50-50 partnership with Minería Activa.[6]

Andes Iron is majority owned by the Delano Mendez family (74%), with minor interests held by the Garcez Silva family (14%), and the company's directors (11%).[7]

References
  1. "SRK News: Dominga Norte and Sur Project". webcache.googleusercontent.com. Retrieved 2020-07-10.
  2. "Penguins force suspension of $2.5bn mining project". The Independent. 2017-10-13. Retrieved 2020-07-10.
  3. "Chilean authorities eye controversial Cruz Grande port project". Mongabay Environmental News. 2020-03-25. Retrieved 2020-07-10.
  4. "BNamericas - Andes Iron would change port plans to get en..." BNamericas.com. Retrieved 2020-07-10.
  5. "Chile's Andes Iron gets political support for banned iron ore project". www.steelorbis.com. Retrieved 2020-07-10.
  6. "Projects". Andes Iron (in Spanish). 2016-11-07. Retrieved 2020-07-10.
  7. "Property". Andes Iron (in Spanish). 2016-11-07. Retrieved 2020-07-10.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.