Barrick Gold accepts Chilean court's closure ruling on Pascua-Lama project

Section:

By Shruti Sonal
Reuters
Friday, September 18, 2020

Barrick Gold Corp. said today it would not appeal a Chilean court's ruling to uphold the closure order on the Chilean portion of its Pascua-Lama project imposed by the country's environmental regulator and the sanctions on its unit.

The gold and silver project, which straddles the border between Chile and Argentina, was put on hold in 2013 due to environmental issues, political opposition, labor unrest, and development costs that swelled to $8.5 billion.

The miner said Pascua, the Chilean portion, would now be transitioned from care and maintenance to closure in accordance with the environmental court’s decision. ...

... For the remainder of the report:

https://www.reuters.com/article/us-barrick-gold-pascua-lama-idUSKBN2692S...


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