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Pascua Lama shelved again

DESPITE spending around US$5 billion to date, Barrick Gold is putting its troubled Pascua Lama project back on ice after plans for an underground mine at the high-altitude deposit failed to meet the company’s strict profitability criteria.

Tom Azzopardi, Kristie Batten, Alex Hamer
 Pascua Lama

Pascua Lama

The Canadian gold producer will now halt work on a prefeasibility study for the underground option and focus on a closure plan for the remaining surface infrastructure in line with requirements from Chilean...

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