Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Barrick Gold To Pay $16 Mln Fine To Chile For Pascua-Lama Violations

Barrick Gold Corp. (ABX,ABX.TO: Quote), a producer of gold and copper, announced that Chile's Superintendence of the Environment (Superintendencia del Medio Ambiente or 'SMA') imposed a fine of approximately $16 million for violations of the Chilean environmental approval for its Pascua-Lama project.

On Friday, Barrick Gold was halted around noon in New York, received a resolution from SMA that requires the company to complete the Pascua-Lama's water management system in accordance with the project's environmental permit before resuming construction activities in Chile.

"Barrick is fully committed to complying with all aspects of the resolution and to operating at the highest environmental standards," the company said in a statement

Click here to receive FREE breaking news email alerts for Barrick Gold Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.