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Barrick's Pascua-Lama mine confirmed closed by Chile environmental court

Published 10/12/2018, 05:55 PM
© Reuters.  Barrick's Pascua-Lama mine confirmed closed by Chile environmental court
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  • Chile’s environmental court orders Barrick Gold (NYSE:ABX) to definitively close the Chilean side of its stalled Pascua-Lama gold mine, a final procedural step in the long-running saga over the project that straddles the Chile-Argentina border.
  • The project was put on hold in 2013 due to environmental issues, political opposition, labor unrest and development costs that ballooned to $8.5B.
  • Today's court ruling confirms January's closure order by Chile's environmental regulator that also fined ABX $11.5M.
  • Now read: Barrick Gold And Randgold Resources (LON:RRS) Tie The Knot


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