Green
Chile Rejects $2.5 Billion Iron Mine on Environmental Risks
- Government votes against Andes Iron project in northern Chile
- Ruling follows Boric’s green agenda, angers business groups
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Chile’s government rejected a $2.5 billion iron-ore project near a nature reserve in the north of the country on concern it would endanger local species, a victory for President Gabriel Boric’s green agenda that has business groups fuming.
A committee of government ministers on Wednesday voted unanimously against Andes Iron’s Dominga project, Environment Minister Maisa Rojas told a press conference, citing the “unique ecological value” of the area. Andes Iron, owned by the local Delano and Garces families, said it would appeal the decision in environmental tribunals.