Chile fines Barrick's Pascua Lama, suspends construction

Fri May 24, 2013 12:59pm EDT
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SANTIAGO May 24 (Reuters) - Chilean environmental authorities said on Friday that they will fine Barrick Gold Corp's Pascua-Lama mine around $16 million and that construction on the controversial deposit will need to remain suspended until it adheres to a water management plan in its environmental permit.

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 that it has damaged pristine glaciers and harmed water supplies.