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
Microsoft's (MSFT) office assistant Cortana for iOS beta has arrived, but only 2000 people will be able to test the virtual assistant. Apple confirmed that it has bought face animation software firm Faceshift, although it was tight lipped about how it intends to use the new addition. The move is speculated as a bid to expand into virtual reality. Environment ministry of South Korea Thursday ordered Volkswagen Korea to recall 125,522 diesel vehicles on determining actual emissions of nitrogen oxides. The ministry has asked the German automobile maker to pay a fine of 14.1 billion Won or $12.31 million. The company has to submit a recall plan by January 6, 2016.
comments powered by Disqus
Follow RTT