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Resource Investor: Court finds Barrick doesn't own Chilean mine property

Section: Daily Dispatches

By Jon A. Nones
Thursday, November 16, 2006

According to a Chilean news source, El Diario de Atacama, Rodolfo Villar, a local gold prospector and geologist, has won a court ruling establishing ownership to the properties in the 8,600 hectares of land surrounding and including Barrick's Pascua Lama. Barrick is challenging the ruling in the Chilean Court of Appeal.

Vince Borg, senior vice president of corporate communications for Barrick, confirmed this with Resource Investor but said the Villar case is a "nuisance suit."

According to the news source, Judge Maria Isabel Kings decreed that the transaction awarding Barrick ownership to the properties is null and void.

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