CCA submits new EIA for US$48.4mn stockpiling, shipping project

- Tuesday, August 16, 2011

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CCA Chile, a subsidiary of China's Jiangsu Huitai, has submitted a new environmental impact assessment (EIA) to the environment ministry (MMA) for a US$48.4mn project to build a mineral stockpiling and shipping facility at the Puerto Caldera port in northern region III.

A previous EIA for the same project, involving a US$46mn investment and submitted in January this year, was rejected in early July.

"The evaluating committee decided to reject the EIA as the company was unable to respond to some of the observations made on the project. The company didn't provide all the information needed to demonstrate that the project complied with all the environmental regulations in the country," a source from MMA's evaluation service told BNamericas at the time.

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The stockpiling facility will have capacity to store 110,000t of iron ore concentrate coming from mining operations that the company owns in region III where it plans to invest an estimated US$20mn in their development.

CCA's Osornina project recently received environmental approval, while the Renacer-Ornella and Burritas initiatives are still under evaluation.

The three projects are expected to produce 12.6Mt of iron ore and 210,000t of copper over their 20-year life spans and were originally scheduled to start operating during Q1.

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