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
Ford Motor Co. has announced a safety recall for about 680,000 vehicles, mainly in North America, to fix faulty seat belts that may not hold people in the event of a crash. The recall, primarily for mid-size sedans, includes about 650,000 Ford Fusion vehicles manufactured between 2013 and 2016 and Lincoln MKZ produced between 2013 and 2015. Apple Inc. has confirmed its interest in autonomous vehicle technology, saying it is excited about the potential of automated systems in many areas, including transportation. In a letter to the National Highway Traffic Safety Administration, Steve Kenner, Apple's director of product integrity, said that the tech giant looks forward to collaborating with the regulator and other stakeholders. Japanese electronics maker Panasonic Corp. is in talks to buy Austrian headlight manufacturer ZKW Group GmbH, Nikkei business daily reported Monday, citing a person familiar with the matter. As per the report, both companies could reach a basic agreement as early as this month for a deal that could be worth up to $1 billion.
comments powered by Disqus
Follow RTT