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Thursday, December 26, 2013

Miners tightened belts in 2013 Down Cycle: Environmental, political challenges stall projects as prices decline

But it wasn't just financial problems for the miners, as political and environmental issues made headlines around the world for several Canadian mining companies.
The largest company to face problems was Barrick Gold, which suspended nearly all of the work at its massive Pascua-Lama project high in the Andes mountain range.
The halt followed massive cost overruns and protests from an indigenous community living below the project who tried to have Barrick's licence revoked and force a new environmental impact study.
http://www.theprovince.com/business/Miners+tightened+belts+2013/9324411/story.html

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