Chilean Supreme Court Overturns Environmental Court Ruling in Pascua-Lama Closure Review Process
Barrick Gold Corporation (BC) (GOLD)
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Source: GlobeNewswire
Barrick reaffirms commitment to resolving environmental issues All amounts expressed in U.S. dollars SANTIAGO, Chile, March 18, 2019 (GLOBE NEWSWIRE) -- On Thursday, March 14, the Supreme Court of Chile annulled the October 2018 administrative decision of the Antofagasta Environmental Court, which had rejected four of the five closure orders issued by Chile’s environmental regulator (the Superintendencia del Medio Ambiente, or “SMA”) in January 2018 against the Chilean subsidiary of Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) that holds the Chilean portion of the Pascua-Lama Project. Barrick was not a party to this process. The Supreme Court overturned the Antofagasta Environmental Court’s decision on procedural grounds and remanded the case back to the Environmental Court for review by a different panel of judges, a process that could last several months. The Supreme Court did not review the merits of the SMA’s January 2018 closure orders which remain in effect a
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