Barrick Gold Crucial Mega Mine May Be Delayed Over a Year

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX)'s crucial Pascua Lama project may face a minimum delay of one year beyond its expected late 2014 commencement date. This is the minimum time the company will need to comply with action points specified by the Chilean environmental regulators.

Last month, Chile’s environmental regulators had imposed a $16 million fine on Barrick Gold Corporation (NYSE:ABX) for breach of conditions specified in the environmental impact assessment report. This followed an order by a Chilean court to suspend all activities at the under-construction mine in April. The  regulators have identified 23...