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Posted On: 04/12/2013 9:45:37 AM
Post# of 28539
Posted By: testdemo
Barrick suffering big setbacks in Latin America

FILE - In this March 22, 2006 file photo, a woman plays a Kultrum, a traditional Mapuche instrument, during a demonstration on World Water Day by people holding a sign that reads in Spanish ""Let us take care the water, No to Pascua Lama" rejecting a gold mining project they claim will affect water supply to a fertile valley in northern Chile, outside the presidential palace La Moneda in Santiago, Chile. A Chilean court halted on April 10, 2013 the construction of Barrick Gold Corp.’s $8 billion, border-straddling mine on the high-altitude spine of the Andes. Barrick also faces growing environmental resistance in Argentina, which shares the Pascua-Lama project, and the Dominican Republic’s government is insisting on rewriting the royalties contract for its $4 billion Pueblo Viejo mine. (AP Photo/Santiago Llanquin, File) SANTIAGO, Chile (AP) — A Chilean court's halt to construction of Barrick Gold Corp.'s $8 billion, border-straddling mine on the high spine of the Andes is only the latest setback in Latin America for the world's largest gold miner.



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