logo
Share SHARE
FONT-SIZE Plus   Neg

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

Barrick Gold Corp. (ABX,ABX.TO), 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

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Federal Aviation Administration said several pilots complained about pointing of strong green laser beams at planes flying over Long Island. The location was around Farmingdale, during 9.30 pm and 10 pm. Searches are on to locate the exact source of the laser beam. The Federal official suspects that the beam came from a hand-held device. Discount retailer Big Lots, Inc. Friday reported an increase in income from continuing operations for the first quarter, from last year. The company also registered a surge in net income particularly as it had carried a loss from discontinued operations last year. Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items.
comments powered by Disqus
Follow RTT