Barrick fined $16m for Pascua-Lama violations

By LUIS ANDRES HENAO

Published May 24, 2013 4:00am ET

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Barrick fined $16m for Pascua-Lama violations — Mining machinery and barrels with chemicals sit on the facilities of Barrick Gold Corp's Pascua-Lama project in northern Chile, Thursday, May 23, 2013. Chile's environmental regulator has stopped construction and imposed sanctions on Barrick Gold Corp.'s $8.5 billion Pascua-Lama project, citing "serious violations" of its environmental permit. (AP Photo/Jorge Saenz) | Jorge Saenz

VALLENAR, Chile (AP) — Chile’s environmental regulator blocked Barrick Gold Corp.’s $8.5 billion Pascua-Lama project on Friday and imposed its maximum fine on the world’s largest gold miner, citing “very serious” violations of its environmental permit as well as a failure by the company to accurately describe what it had done wrong.

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