Mining Giant Vows to Scrap $3 Billion Plan If Opposition Soars
- Anglo American’s Los Bronces in Chile is close to glaciers
- Miner says studies prove copper project won’t harm environment
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Anglo American Plc will scrap its next big copper project if studies indicate the plan could harm nearby glaciers or there’s major opposition from local communities in Chile, a top executive says.
The London-based company will file for environmental approval of the $3 billion project to increase production at its Los Bronces mine during the third quarter, Henni Faul, who heads the miner’s copper business, said in an interview. The project is sensitive because of its proximity to Andean glaciers and the Chilean capital.