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Thursday, April 11, 2013
Chilean court has ordered Canadian mining giant Barrick Gold to suspend construction on its “massive” Pascua-Lama project:“Barrick stock fell 8.6 per cent to a new 52-week low of $24.81 per share on Wednesday after the appeals court said Pascua-Lama should be halted as it reviewed complaints by local communities that the project is polluting groundwater and rivers in the Atacama desert region, one of the driest areas on earth.…A court source in Chile told Reuters that the appeal could take several months, and the dispute will probably end up in the Chilean Supreme Court.…Set at about 5,500 metres above sea level, the project is being built at the peak of the Andes mountain range between Chile and Argentina and is at once lauded as an engineering feat and decried as an environmental scar on ancient and pristine glaciers.”
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