Reuters: Regulatory News: Barrick says mine in Chile needs $29 mln to meet regulator rules

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Barrick says mine in Chile needs $29 mln to meet regulator rules May 10th 2013, 22:30 Tweet Share this Email Print Related Topics Stocks » Regulatory News » Markets » Fri May 10, 2013 6:30pm EDT SANTIAGO, May 10 (Reuters) - Barrick Gold Corp's has estimated it must invest about $29 million to meet environmental standards at its suspended Pascua-Lama mine, a filing with Chile's environmental regulator showed. It is unclear if this figure includes all estimated investment or if it is a partial forecast. A Barrick representative was not immediately available for comment. A Chilean court in April temporarily halted the up-to-$8.5 billion gold mine, which straddles the border of Chile and Argentina, to weigh claims by indigenous communities it has damaged pristine glaciers and harmed water supplies. Additionally, Chile's environmental regulator charged the project with violating the terms of its environmental license, citing harm to the water supply and nearby pastures due to faulty infrastructure. Construction of the unpopular project could resume at the end of the year if the company shows authorities it can turn around the troubled operation, a Chilean mining ministry official was quoted as saying on Friday. Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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