financetom
Business
financetom
/
Business
/
Chilean regulator charges Codelco smelter over emissions violation
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Chilean regulator charges Codelco smelter over emissions violation
Nov 11, 2024 7:51 AM

SANTIAGO, Nov 11 (Reuters) - Chile's environmental

regulator has filed a charge against state-run miner Codelco

over alleged emissions violations at its Potrerillos copper

smelter in the Atacama region.

The Superintendency of the Environment said in a statement

that an audit showed Codelco had not implemented a monitoring

system for sulfur dioxide emissions and other procedures in

accordance with SMA standards at the facility.

The SMA labeled the charge as "serious," the second of three

levels of offenses, and said it could lead to a fine of about 4

billion pesos ($4 million), as well as possible revocation of

the environmental permit, or closure.

"The audit concluded that the system has not been

implemented. Based on all these antecedents, and after legal

analysis, the Superintendency of the Environment charged

non-compliance by the owner," the statement said.

Codelco did not immediately respond to a request for

comment.

The company has 10 days to submit a compliance plan, and 15

days to present a defense.

($1 = 981.6000 Chilean pesos)

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 >
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...
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...
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 (...
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...
Copyright 2023-2026 - www.financetom.com All Rights Reserved