Santo Domingo Project hopes to obtain maritime concession this year
Juan Carlos Alfaro, President and CEO of the mining project, explained that this is a”crucial” point for their implementation, however, despite the “slowdown” stressed that they are still moving.
The president and CEO of the mining project in Santo Domingo -controlled 70% by Canadian company Capstone Mining Corporation, while the remainder from Korea Resources Corp, said that while mining in general is experiencing a “slowing” its investment initiative “at least keep moving”.
He argued that “the location of Santo Domingo is one of the points that help to make it viable, because rather close to existing infrastructure such as the sea, being at an elevation of about 1,200 meters; and we also are 7 miles southeast of Diego Almagro. Therefore, there is communication”.
In that vein, Alfaro said that being close to communities like El Salado, Inca del Oro, Copiapó (130 kilometers) or Caldera have done work “early” with them, run from 2012 “It is extremely important, even if one is neighbor to a community of 12,000 or 15,000 people who are 7 miles from the mine site”, he said.
However, an issue that should solve the mining project whose investment is USD 1,700 million, is the realization of port to be built in the south of the Atacama region, and therefore they are awaiting the maritime concession. This situation is “absolutely critical,” according to the executive.
“Today we are still dealing with getting the maritime concession, which took more than a year and half in transaction. It is definitely a key element, because the feasibility study is made to this port, and also the environmental impact. Therefore, we have the expectation hopefully realize this permit for the remainder of the year, “he said.
Source: Estrategia
