Andean ecology

Chile: new problems threaten Pascua Lama mine

As of April 1 the Environmental Evaluation Service of Atacama, a region in northern Chile, had imposed a new fine on the Chilean subsidiary of the Toronto-based Barrick Gold Corporation for violations at its Pascua Lama facility, a giant open-pit gold, silver and copper mine being built in the Andes at the border between Argentina and Chile. The fine on the subsidiary, the Compañía Minera Nevada SPA, came to about US$85,509 (expressed as 1,000 Monthly Tax Units, UTM, a special unit Chile uses for mining taxes and fines; it is set this month at 40,125 pesos). This was in addition to a US$256,518 (3,000 UTM) fine the service imposed a month earlier. According to Pedro Lagos, Atacama's regional minister for the environment, the fines are for the company's failure to meet requirements for monitoring damage the mine's construction could cause to nearby glaciers.

Syndicate content