Chile's Codelco could face $8 million fine for tailings dam violations
SANTIAGO, Aug 22 (Reuters) -Chile's environmental regulator on Thursday said it filed two charges against state copper giant Codelco over the management of its Talabre tailings dam at its Ministro Hales division in northern Chile.
The charges were for the lack of a contingency plan to avoid affecting underground water, and for the incorrect deposit of tailings materials dating to 2017.
The company, the world's biggest copper miner, has ten days to submit a compliance plan and an additional five days to appeal, and could face a fine of about 8 billion pesos ($8.71 million).
Tailings dams are embankments constructed near mines to store waste in a liquid or solid form, and are subject to strict environmental standards to prevent collapses and contamination of surrounding communities and natural resources.
Codelco, which investing in electric buses, cactus nurseries and recycling as part of a drive to reduce environmental impacts, said it would work quickly to address the matter.
"We completely understand the concern this situation causes, and we will be exhaustive in detailing the plans we have developed and will deploy to comply with our obligations," Codelco said in response to questions from Reuters.
"We hope to overcome this situation as soon as possible and, if shortcomings are identified, to correct them as soon as possible."
The SMA labeled the charges as "serious," which ranks as the second of three levels of offenses. It said they stem from a citizen complaint last year alleging seepage from the tailings dam since 2019, which could affect the Rio Loa aquifer, as well as potentially flow towards the city of Calama and the Yalquincha aquifer.
The Talabre dam processes mining waste from Codelco's Ministro Hales, Chuquicamata and Radomiro Tomic divisions.
Prior to the complaint, the Superintendency of the Environment (SMA), had last inspected the site in 2017. It did further analysis last year.
"The Superintendency formulated two charges against Codelco ... after finding the miner did not take environmental measures related to the Talabre dam," the SMA said in a statement.
Codelco last year requested an environmental permit to extend the useful life of its Ministro Hales mine by 30 years with a $2.5 billion investment.
($1 = 918.3200 Chilean pesos)
Reporting by Manuel Farias and Daina Beth Solomon; Editing by Aurora Ellis
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
