METAL PRICE
Wednesday 18 October 2017

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Dominga rejection has contributed to mistrust at institutions

September 2017: The Committee of Ministers has recently rejected the Dominga mining and port project in the IV Region, which has caused concern and uncertainty in the industry.
The project is worth US$2,500M and is owned by Andes Iron. It entailed constructing two open pit mines to extract 12 million tons of iron and 150 thousand tons of copper concentrate, and included a new port to load the material.
Dominga would have generated around 10,000 jobs during construction and 1,500 when it started operating, but in the opinion of the Committee of Ministers the initiative will create mitigation, compensation and reparation problems in the area.
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