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Wednesday, November 6, 2013

Piñera joins the Pascua Lama gold mine project fray and points to Barrick Gold

In addition to cutting costs — in a year in which the price of gold has fallen 19% — the call to suspend operations at the mine will allegedly provide Barrick Gold with a chance to expand their water management system in compliance with the national environmental standards they have been accused of neglecting.
Greenpeace Chile responded instantly to the announcement, describing the suspension as a “strategic decision” aimed at easing investors’ concerns over a series of court battles which forced a suspension on construction on the project until it meets environmental standards.
“The announced suspension is no more than a strategic decision designed to give Barrick the appearance of a responsible company, while buying it time to search for backdoors which would allow it to continue going forward,” said Samuel Leiva, campaign coordinator of Greenpeace Chile.
http://en.mercopress.com/2013/11/06/pinera-joins-the-pascua-lama-gold-mine-project-fray-and-points-to-barrick-gold

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