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Thursday, September 26, 2013

Chile Supreme Court Rejects Permanent Shutdown of Barrick's Pascua Lama Gold Mine

https://www.adr.com/Markets/GlobalNewsStory?docID=1-DN20130925013406-7SD4FKDBPTOMEML9U44E47GFKD

Chile's Supreme Court on Wednesday rejected the permanent shutdown of Barrick Gold Corp.'s (ABX, ABX.T) Pascua Lama project--which straddles the Chilean and Argentine border--as local indigenous communities had requested.
Earlier this year, the company halted construction of its flagship gold and copper mine after being ordered by a court to stop work as it looked into complaints about breaches of environmental standards.
Despite rejecting the permanent shutdown requests, the Supreme Court maintained Pascua Lama's suspension until it completes its water-management system and this system complies with the project's environmental permit. 


And what does the stock do... Goes down. Funny stuff

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