Chile Enviro Court Scraps $16M Fine For Barrick Mine

Law360, New York (March 3, 2014, 8:51 PM EST) -- The environmental court of Chile overturned a $16 million fine levied by the nation’s environmental regulator against Canadian mining company Barrick Gold Corp., but upheld the suspension of an $8.5 billion mining project at the Pascua Lama mine, the court said Monday.

Chile's environmental regulator, Superintendencia del Medio Ambiente, known as SMA, slapped Barrick with the $16 million fine in May for 22 separate violations of the project’s environmental permit, the maximum fine allowed under Chilean law. Barrick allegedly violated several reporting requirements while botching the...
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