Giant Sinkhole Opens in Chile

Authorities in Chile are investigating a large sinkhole that appeared mysteriously over the weekend in a copper mining area operated by the Canadian Lundin Mining company (LUN.TO).

Chile’s geology and mining regulator, Sernageomin, posted a picture of the sinkhole on Twitter on Monday. 

The sinkhole measures 25 meters (82 feet) in diameter and approximately 200 meters (656 feet) deep.

In a statement, Lundin said the sinkhole hasn’t had any impact on personnel, equipment or mine infrastructure and likely won’t affect the production

The National Service of Geology and Mining (Sernageomin) has sent specialists to the area to investigate.

Sinkholes form when land underground can’t support the weight from the surface and collapses. 

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