Anglo American (LON: AAL) has suffered a new setback in Chile after the environmental commission of Valparaiso, Coeva, rejected the company’s $40 million operational continuity project for its El Soldado copper mine, 125km north of the capital Santiago.
Despite having the backing of the country’s environmental evaluation authority, which recommended the project’s approval, the local regulator scratched El Soldado Phase V project with 10 voting against and only two in favour.