The Phaserl


Obstacles pile up for Barrick’s huge Pascua-Lama mine

[Ed. note: SGT Report broke news of Barrick’s alleged crimes in Chile with this interview with Jorge Lopehandia which exposed Barrick once again as being a very unscrupulous company.]

Barrick faces some tough legal obstacles to complete its Pascua-Lama mine after a Chilean court suspended the project last week.

by Alexandra Ulmer,

Barrick Gold Corp faces some tough legal obstacles to complete its up to $8.5 billion Pascua-Lama gold mine after a recent court decision, and even the possibility that its Chilean environmental permit might be canceled.

In the latest of several recent blows to the country’s mining and power industries, a Chilean court last week suspended construction of the mine, which straddles the border of Chile and Argentina, while it weighs claims by indigenous communities that the mine destroys pristine glaciers and harms their water supply.

The ruling is one of several challenges facing Pascua-Lama, which was originally touted as one of the world’s largest and lowest-cost gold mines.

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