Barrick Gold (ABX) Reports Chilean Court Issues Ruling on Pascua-Lama

July 15, 2013 5:03 PM EDT
Barrick Gold Corporation (NYSE: ABX) reports that the Copiapo Court of Appeals has today ruled that the company must complete Pascua-Lama's water management system in compliance with the project's environmental permit to the satisfaction of Chile's Superintendence of the Environment (Superintendencia del Medio Ambiente or "SMA") before resuming construction activities in Chile.

The company has submitted a plan, subject to review by Chilean regulatory authorities, to construct the project's water management system in compliance with permit conditions for completion by the end of 2014, after which Barrick expects to resume remaining construction works in Chile.

The ruling relates to a constitutional rights protection action filed in September 2012 on behalf of four indigenous communities.

Barrick is committed to operating at the highest environmental standards at all of its operations around the world, including at Pascua-Lama, and is working diligently to meet all regulatory requirements at the project.

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