Anglo American to restart El Soldado mine in Chile after permit approval

|About: Anglo American plc (AAUKF)|By:, SA News Editor

Anglo American (OTCPK:AAUKF, OTCPK:AAUKY) says it will restart production at its El Soldado copper mine in Chile, as regulators have approved a new permit plan for the deposit.

Anglo stopped operations at El Soldado on Feb. 17 after regulators rejected an initial redesign of the mine, saying there was a potential for collapse where the project crossed former underground operations.

El Soldado produced 47K metric tons of copper in 2016 and has lost money in recent years.