SANTIAGO (Reuters) – Chile’s environmental regulator said on Tuesday it had launched a sanction process against Glencore’s Lomas Bayas copper mine for noncompliance with water, flora and fauna monitoring in its operation area. An investigation led to the formulation of a “very serious” charge of not monitoring aquifer levels and a minor charge of not having defined the river’s hydrologic and biotic profile, Chile’s Environmental Superintendent (SMA) said in a statement. The SMA said the mine was missing records on an observation well and hadn’t properly graphed measurements like water depth, p…