Tag: Pascua Lama

• Thursday, August 1st 2019 - 15:22 UTC

  Barrick Gold to invest 34 million dollars over two years on Argentina's Veladero mine

  

  Canadian mining giant Barrick Gold Corporation, which co-owns the Veladero mine in San Juan together with the Chinese Shandong Gold Group, has announced a plan to invest US $ 34 million over the next two years, to extend the deposit's profitability beyond 2028.

• Tuesday, April 11th 2017 - 05:30 UTC

  Chinese company buys 50% share of the Veladero mine in Argentina

  

  Barrick Gold and Shandong Gold, a Chinese company, have signed a strategic co-operation agreement that includes half the Veladero gold mine in Argentina. Shandong has agreed to purchase 50% of the Veladero mine in Argentina for US$960 million, and a joint venture will be created to operate it.

• Wednesday, November 6th 2013 - 01:38 UTC

  Piñera joins the Pascua Lama gold mine project fray and points to Barrick Gold

  

  Chilean President Sebastián Piñera has entered the fray surrounding Barrick Gold’s decision to temporarily suspend construction on its troubled Pascua Lama gold mine which straddles up in the Andes along Chile and Argentina, a move which activists slammed as a ploy.

• Monday, November 4th 2013 - 00:27 UTC

  Shelving of Pascua-Lama mining project in the Andes conditions Barrick Gold

  

  A massive public share offering from Barrick Gold Corp proved a tough sell, market sources said, as the price of gold dropped and investors digested news that the miner had shelved a key growth project

• Friday, November 1st 2013 - 21:40 UTC

  Argentina warns Barrick on announced suspension of gold mine project

  

  Barrick, the world’s largest gold mining company, is indefinitely suspending construction of its troubled gold mine straddling the Chile-Argentine border, part of a cost-cutting effort that also involves 10 other mining projects around the world.

• Monday, September 30th 2013 - 22:06 UTC

  Barrick Gold Pascua-Lama project again running after court ruling

  

  Chile's Supreme Court confirmed a freeze on Barrick Gold Corp's suspended Pascua-Lama gold mine but the Toronto-based miner escaped having the project's environmental permit revoked. The ruling dispels a significant uncertainty surrounding the controversial project, which now essentially has to complete a water management system issued by the environmental regulator to likely be re-activated.

• Tuesday, July 16th 2013 - 03:50 UTC

  Chilean court suspends major 8.5bn dollars gold development project in the Andes

  

  A Chilean appeals court on Monday formally suspended Barrick Gold Corp’s controversial 8.5 dollars billion Pascua-Lama gold mine until the company meets environmental standards and builds infrastructure that will prevent water pollution.

• Saturday, June 8th 2013 - 06:18 UTC

  Piñera blasts environmental licensing for giant Pascua-Lama gold mine project

  

  Chilean President Sebastian Piñera blasted the environmental review process that led to a permit for Barrick Gold’s, now-suspended 8.5 billion dollar Pascua-Lama gold mine project.

• Monday, May 27th 2013 - 08:13 UTC

  Chile fines and suspends Barrick Gold for contamination at major project

  

  Chilean authorities have fined the world's largest gold mining company, Barrick Gold Corp, more than 16 million dollars for environmental offences. Construction at the Pascua-Lama mine, on the border with Argentina, has been suspended until a system to contain contaminated water is put in place.

• Thursday, April 25th 2013 - 22:39 UTC

  Barrick Gold considering suspension of 8.5bn mine development in the Andes

  

  Canada’s Barrick Gold Corp making a painful adjustment to a sustained slump in bullion prices, reported progress in controlling costs and said it planned further cuts in capital spending.