PASCUA LAMA Mining News

Chile's Supreme Court begins hearings on Barrick Gold’s appeal to $16m fine

The appeal follows a confusing ruling in March this year that revoked the penalty, the largest ever imposed in the country, only to force the country's environmental watchdog to rewrite it.

Barrick putting Pascua Lama back on track

World's top gold miner reaches an initial agreement with Chile’s Diaguita community, the indigenous group that first blocked the $8.5 billion project.

Barrick Gold Class Action – Robertson Stromberg LLP Files Statement of Claim Against Barrick Gold and Other Defendants

The detailed claim alleges there were misrepresentations in Barrick's public disclosure relating to Barrick's development of the Pascua-Lama mine located on the border between Chile and Argentina.

Canadian firms sue Barrick over divisive Pascua-Lama project

The lawsuit alleges Barrick knew or should have known that it would have to overcome significant obstacles with its $8.5bn Pascua-Lamas gold-silver project.

Barrick talking to new Chile minister to restart Pascua-Lama

"They’ve showed us their interest in solving Pascua-Lama’s problems and doing community work, which to us appears correct."

Argentine minister says Chile, Peru mining models ‘a failure’

The official was especially critical of the other two countries openness to foreign investors.

Chilean court revokes Barrick’s Pascua-Lama $16-million fine, but orders new ones

Far from being good news, the resolution orders Chile's environmental watchdog to charge Barrick for each and every of the 22 violations found in the project, instead of grouping them into five categories as it did the first time.

Barrick takes massive US$2.8 billion charge on mines, lowers gold reserves

Net loss for the entire year climbed up to a monster $10.37 billion.

Barrick re-calculates gold reserves based on $1,100 price level

CEO calls it a 'conservative approach.'

Chile’s official commission suggests letting Barrick keep permit for Pascua Lama

But it also recommends an exhaustive review of the permit issued in 2006, as well as the miner’s glacier monitoring plan.

Argentina lobbies to overturn Barrick’s Pascua Lama freeze in Chile

Argentine authorities are requesting a meeting with incoming President of Chile, Michelle Bachelet, who takes office in March.

Canadian miners among the most hurt in 2013

New mining listings in the Toronto Stock Exchange and its junior counterpart, the TSX-V, continue to dive.

1,500 Barrick workers out of a job as Pascua Lama suspension takes effect

The company is cutting its Argentine work force as Chileans work on water treatment facility.

Barrick has had enough: stops construction of Pascua-Lama, mulls stake sale

Delivering its Q3 results, the debt-laden gold miner said it is temporarily suspending all construction activity at its $8.5 billion Pascua-Lama project.

Investors eager to see how much more Pascua Lama will cost

Barrick expected to announce new price tag for Pascua Lama on Thursday.

Barrick’s height of hard luck: huge lake appears at one of its biggest Aussie mines

The miner faces extra-costs caused by unusual factors, such as venomous snakes, shellfish traps and submerged fence posts by its Lake Cowal gold mine in Australia.

Chilean court accepts new appeal against Barrick's Pascua-Lama

Freshest threat after a court froze the project earlier in the year.

Barrick to face fresh legal challenges on Pascua Lama

Chilean indigenous group that has led the legal battle against Barrick wants the Supreme Court to order a new environmental impact assessment study.

Chile’s court launches probe on why Barrick’s Pascua-Lama fine was reduced

It was cut down from $16 million to $12 million.

Chile imposes $16 million in fines to Barrick for environmental violations at Pascua-Lama

Besides receiving the highest possible fine under Chilean law, Barrick construction work has been halted.

Chile rejects Barrick’s appeal to resume work at Pascua Lama

Construction on the Chilean side of the troubled gold and silver project has been halted since April 10.

Barrick Gold fined in Chile, faces opposition in Dominican Republic

Construction work at Pascua Lama halted once again. Dominican authorities pressing for a “more favourable” contract in Pueblo Viejo.

Barrick Gold suffers $4.2 billion writedown

The hefty impairment charge reflects higher-than-anticipated operating and sustaining capital costs at Lumwana.

Avalanches in Pascua Lama area did not cause water pollution: Barrick

Recent avalanches affecting several points along a water channel in the area of Barrick's Pascua Lama project have not affected water quality, says the gold miner.

Chileans divided over value of Barrick’s water fund

When it comes to its $8.5 billion Pascua Lama project, 2012 was not a great year for Canada’s Barrick Gold.