Sunday, 26 May 2013

Chile blocks Barrick Gold mining project



Chile's environmental regulator has blocked Canada-based Barrick Gold Corporation's multi-billion dollar mining project and imposed its maximum fine, citing "serious" environmental violations.


After a four-month investigation, Chile's Environmental Superintendent said that all construction work on the Pascua-Lama mine must stop until Barrick builds the systems it promised to put in place for containing contaminated water.


Chile's government also imposed a fine of eight billion pesos ($16.36m), the highest possible under Chilean law.
The violations include: Failing to build structures to contain contaminated water before mine construction began, failing to keep the agency informed about problems and changes, and failing to provide data sought by inspectors.


The regulator noted that while Barrick itself reported the failures, a separate and intensive investigation by the agency's own inspectors found that the company wasn't telling the full truth.

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