Chilean Court Won't Let Work Resume At $8.5B Barrick Mine

Law360, New York (July 15, 2013, 2:31 PM EDT) -- A Chilean appeals court on Monday reportedly declined to lift a suspension of Barrick Gold Corp.’s $8.5 billion gold and silver mine in Chile, ruling the company must comply with environmental mitigation measures before work on the project can resume.

The Copiapo Court of Appeals froze work on the mine on April 10 in response to complaints from indigenous residents about its environmental effect. Chilean regulators then hit Barrick with a $16 million fine in May, citing multiple violations of the project’s environmental permit.

In its...
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.