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...
To view the full article, register now.