SANTIAGO, Oct 24 (Reuters) – Canadian mining company TECK Resources (TECKb.TO) has scrapped its previous environmental permit application to expand its plant at Chile’s Quebrada Blanca copper mine and is seeking a new one. It announced Tuesday that it had drafted a version.
Teck said in a statement that the decision to withdraw the original permit application needed to increase grinding capacity at the vast deposit was made following feedback from regulators.
Once a revised application is submitted, the entire regulatory process will take approximately 12 months, Teck added.
Teck plans to open its Quebrada Blanca Phase 2 project, one of the world’s largest untapped copper resources, in far north Chile later this week.
“Teck does not expect a sanction decision to be made on the expansion of the Quebrada Blanca plant before full capacity build-up and evaluation of the existing Quebrada Blanca assets is completed and regulatory approvals are obtained.” said the miner.
Teck holds a 60% stake in Quebrada Blanca, with Sumitomo Metal Mining and Sumitomo Corporation jointly controlling 30%. The remaining 10% stake is held by Chile’s state-owned Enami.
Report by Fabian Cambero.Editing: Sarah Moreland and Anthony Esposito
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