Finance
Chile files four environmental charges against Anglo American mine
Published by Global Banking & Finance Review®
Posted on December 23, 2024
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 23, 2024
2 min readLast updated: January 27, 2026
Chile's environmental regulator charged Anglo American's Los Bronces mine for permit violations, risking a $17M fine.
SANTIAGO (Reuters) - Chile's environmental regulator has filed four charges against the major Los Bronces copper mine, controlled by Anglo American, for non-compliance with environmental permits, the agency said on Monday.
The charges could carry a fine of nearly 17 billion pesos ($17.17 million), according to the Superintendency of the Environment, or SMA.
Los Bronces is one of Chile's biggest copper mines with output of 255,000 metric tons last year, as well as a key project for Anglo American, which has been a takeover target of larger rival BHP.
Anglo American did not immediately respond to a request for comment.
One charge was deemed "very serious," the highest of three offense levels, for non-compliance dating back to a 2014 sanction.
At the time, the SMA found that Anglo American Sur, the local unit that operates Los Bronces, failed to resolved acid drainage at the Esteriles Donoso tailings deposit, designed to hold mine waste.
"The company has not implemented a definitive solution ... it constitutes a repetition of acts previously sanctioned," the SMA said in a statement.
The regulator also filed two charges in the mid-level "serious" category.
The miner has 15 days to present a mitigation program, and 22 days to contest the charges.
($1 = 989.9000 Chilean pesos)
(Reporting by Daina Beth Solomon and Fabian Cambero; Editing by Kylie Madry)
The article discusses environmental charges against Anglo American's Los Bronces mine in Chile.
The company faces a fine of nearly $17 million for non-compliance with environmental permits.
Los Bronces is one of Chile's biggest copper mines and a key project for Anglo American.
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