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7/2/15

A semi-positive for Capstone (CS.to)

Today, Chile's relevant environmental agency for the Atacama region recommended that the Santo Domingo copper/iron ore project be granted its environmental permits. This is a solid step forward on the permitting track and virtually guarantees that the full and official Environmental Permit (EIA, or ICE if you use the Chilean acronym) be granted in the next quarter, or end 2015 at the very latest.

However, it's only a semi-positive for CS.to because at present metals prices the project's never going to get built.

Link to Spanish language report here.