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

Aug. 13 (Bloomberg) -- 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, 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.

Story Link:{NSN LPVA6F6S9728<GO>} Link to Company News:{COPEC CI <Equity> CN <GO>} Link to Company News:{3569605Z CI <Equity> CN <GO>}

To contact the editor responsible for this story: Jose Enrique Arrioja at jarrioja@bloomberg.net

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