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Sunday, April 16, 2017

LatAm water scarcity, pollution to drive more stringent enviro rules

In ArgentinaBarrick Gold paid a $9.8-million fine for a cyanide spill at the Veladero gold mine in 2016, agreeing to increase water monitoring at the operation in response. Last month, a provincial government suspended operations at the mine owing to a pipeline issue and in April Barrick announced the sale of a 50% stake in the Veladero mine, to Chinese firm Shangdong Gold Group for $960-million.
In Brazil, following the 2015 tailings dam burst at the Samarco iron-ore mine, which killed nearly 20 people and polluted hundreds of kilometres of rivers, parent firms Valeand BHP Billiton face a $50-billion lawsuit for damages. In March, a Brazilian judge suspended the lawsuit as the firms negotiate with prosecutors.

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