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

Minería Chilena reports the SMA will now have to charge Barrick for each and every of the 23 infringements, instead of grouping them into five categories as it did the first time.
Barrick acknowledged 22 of the 23 problems and has said it is working to fix them. It denied, however, that a massive containment wall poses risks and that it needs changes to better protect the valley below.
Pascua Lama, which would produce about 800,000 to 850,000 ounces of gold a year in the first full five years of its 25 year life, was scheduled to start production in the second half of this year. Last year, however, Barrick decided to suspend it until conditions improve.
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