Chile Rejects $2.5 Billion Iron Mine to Protect Penguins

Recently, the government of Chile rejected a huge offer of $2.5 billion project so as to protect an endangered species of Penguins.

Initially, a company called Andes Iron firm in the Coquimbo region launched the proposal which was for an iron mining initiative.

But this region is very close to the National Humboldt Reserve: this is a place with several islands and serves as home for Humboldt penguin and other species of animals that are gradually going to extinction.

Had it being the government accepted the proposal, the company would have extracted millions of tons of metal from the island, and also constructing a seaport to facilitate the exportation of the metal.