Global Wrap: Barrick, Ivanhoe and more

IN Global Wrap: Barrick flags impairment, Ivanhoe strengthens board; Freeport reinstates dividend; and results from Randgold.

Global Wrap: Barrick, Ivanhoe and more Global Wrap: Barrick, Ivanhoe and more Global Wrap: Barrick, Ivanhoe and more Global Wrap: Barrick, Ivanhoe and more Global Wrap: Barrick, Ivanhoe and more

Barrick Gold has flagged an impairment relating to its troubled Pascua-Lama project on the border between Argentina and Chile.

Last month, Chile’s Superintendencia del Medio Ambiente (SMA) ordered the closure of existing infrastructure on the Chilean side of the Pascua-Lama project, on historical environmental compliance grounds.

Barrick is appealing the resolution on a number of grounds, including on the basis that the sanction is disproportionate to actual environmental impacts.

The company has been considering an underground block cave operation at Pascua-Lama, which it said would not require the Chilean surface infrastructure.

Barrick has decided to reclassify ...