Tuesday 27 June 2017

Chile’s renewables boom is pitting miners against developers

In a ruling on September 5th, Chile’s Supreme Court threw out an appeal by Antofagasta Minerals (AMSA) against the Ministry of National Assets’ refusal to renew mining easements and surface access rights to its Tortolas project, located 60km NE of Taltal in Region II.

AMSA, the mining arm of Antofagasta plc (LON: ANTO), believes the deposit could one day be a major nitrates mine but its plans for the deposit have clashed with those of the government on whose land the project lies.

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