Barrick said the ruling drew a line under a legal process that started in 2013 and the company would not appeal it. Construction was suspended that year and Pascua would now be transitioned from care and maintenance to closure in accordance with the Environmental Court's decision.
Following the ruling,
'Barrick is a very different company since its merger with Randgold and we now have a strong focus on establishing good relations with the communities and authorities,' he said.
'Barrick sees great potential in a region that has always encouraged the development of sustainable mining projects, and is committed to further investment in
While the project was suspended, Pascua-Lama continued to treat and monitor water quality in order to meet its environmental commitments. The Environmental Court acknowledged that none of the earlier infringements which prompted the closure order had caused irreparable damage.
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Certain information contained in this press release, including any information as to Barrick's strategy, projects, plans or future financial or operating performance, constitutes 'forward-looking statements'. All statements, other than statements of historical fact, are forward-looking statements. The words 'continue', 'seek', 'focus', 'establish', 'encourage', 'potential', 'commitment', 'ensure', 'would' and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: Barrick's strategy for the Pascua-Lama project including with respect to the project's transition from care and maintenance to closure; the decision not to appeal the decision from the Environmental Court; ongoing water treatment and monitoring and environmental compliance; the re-evaluation of Pascua-Lama's potential including a review of the project's approach to permitting and development; future investments in
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