Daily Archives: 01/06/2013

Pascua Lama Gold Mine Likely 1-2 Years Away from Opening

The Pascua Lama gold mine — owned by Barrick Gold — was ordered shut down earlier this year when a Diaguita community successfully challenged the mine’s environmental record in Chilean court. Ultimately, the company was fined US$16 million and ordered to resolve dozens of environmental issues. Today, in an interview with Reuters, Chile’s environmental regulator said that the infrastructure needed to resolve the issues could take up to two years to get in place. Even so, Chilean President Piñera publicly stated on May 30th, that he hopes the mine will one day operate again.

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Posted in Chile, Diaguita | Tagged , | 1 Comment