financetom
Business
financetom
/
Business
/
Antofagasta launches desalination plant for Los Pelambres copper mine in Chile
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Antofagasta launches desalination plant for Los Pelambres copper mine in Chile
Mar 21, 2024 1:15 PM

SANTIAGO, March 21 (Reuters) - Chilean miner Antofagasta

Minerals on Thursday inaugurated a more than $2 billion

desalination plant for its flagship copper mine in Chile, Los

Pelambres, aimed at relieving the effects of severe drought that

has hit production.

The mine is the first to operate with desalinated water in

an area of the country that has suffered a 15-year drought,

sucking water from reservoirs and sparking concern over the

fresh water supply.

Chilean President Gabriel Boric praised the project, saying

the situation in the Coquimbo region, where Los Pelambres is

located, is concerning.

"Especially with the climate change crisis, we must be not

only a mining country, but also a country at the cutting edge of

responsible, sustainable mining," he said at the inauguration

for the plant, which is at coast in Los Vilos, a city within

Coquimbo.

Antofagasta ( ANFGF ) began construction in 2019 for the plant, and

plans to pump 400 liters of water per second for use at Los

Pelambres, located about 55 km inland.

The company plans to supply another 400 liters of water per

second in a second phase slated for completion in 2027, which it

says would relieve pressure on the nearby Choapa river.

Chile's historic drought has impacted nearly ever aspect of

life in the nation that is the world's top copper producer.

Mining companies outside Coquimbo are already using seawater,

particularly in Antofagasta ( ANFGF ), a northern desert region home to

most of Chile's mining activity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Copyright 2023-2026 - www.financetom.com All Rights Reserved