Barrick Fined $16M For Chilean Gold Mine Permit Violations

Law360, New York (May 28, 2013, 7:46 PM EDT) -- Chilean regulators on Friday slapped Barrick Gold Corp. with a $16 million fine and blocked the company from continuing construction of its $8.5 billion Pascua-Lama gold and silver mine, citing multiple violations of the project's environmental permit.

Barrick had already been ordered to halt work on the mine by a Chilean appeals court last month, and now the country's environmental regulator says that the company must complete the project's water management system as specified in the permit before it can start construction again.

Environmental superintendent Juan...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.