Chile rejects $2.5bn copper and iron project; company vows appeal

The Chilean government rejected on Monday a controversial $2.5-billion copper and iron project proposed by privately-held Andes Iron, though the company vowed to appeal. Chile's Ministers' Committee, a gathering of high-ranking political officials who decide on the fate of controversial projects, pointed to numerous alleged flaws with the Dominga project, which would have produced 12 million tonnes of iron annually and 150 000 t of copper.