Chile’s environmental agency has ordered the definitive closure of Barrick Gold’s (TSX, NYSE:ABX) already halted Pascua-Lama mining project, but lowered the fine for violations to 7 billion pesos ($11.5 million) from the previous $16 million it had charged the company.
The Toronto-based miner said in a statement that the order to close the existing surface facilities in Chile was consistent with its plan to advance a study for an underground mining operation at Pascua-Lama, which it says would reduce the overall environmental impact.
The giant project in the Andes has been shuttered since 2013, when a court ordered the company to halt construction over environmental concerns. Later that year, Barrick shelved the project citing massive cost overruns and nose-diving metal prices.
More to come…
The post Chile’s regulator orders permanent closure of Barrick's Pascua-Lama mine appeared first on MINING.com.
from MINING.com http://ift.tt/2DN27R8
Aucun commentaire:
Enregistrer un commentaire