Antofagasta begins approval process for Los Pelambres mine investment
SANTIAGO, May 2 (Reuters) - Antofogasta Minerals, Chilean subsidiary of Antofagasta Plc (Other OTC: ANFGF - news) , said on Monday that it was submitting a $1.1 billion investment plan at its Los Pelambres mine to environmental regulators for approval.
In a press release, the company said the project will allow Los Pelambres to maintain its annual copper production at about 400 thousand tonnes. (Reporting by Gram Slattery)