Chile Approves Copec’s Coal Project in Isla Riesco, El Mercurio Reports

Chile’s government approved the first phase of coal mining project in Isla Riesco, newspaper El Mercurio reported on its online edition, citing Environment Minister, Maria Ignacia Benitez.

The project in the Magellan region will be developed by Empresas Copec SA (COPEC), Chile’s largest pulp exporter, and Grupo Ultramar, a maritime services provider, aims to invest $530 million.

Isla Riesco’s coal project will supply its production to power plants in the center and north region of the country, El Mercurio reported.

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