▷ Barrick Gold was forced to suspend its Pascua Lama project in 2013. The mine is located at 4500 metres above sea level in an area dense with glaciers. It was the first project approved under a binational mining treaty an straddles the border with Argentina.
Affected indigenous and downstream agricultural communities made numerous efforts to stop this project, including getting the company to withdraw a request for financing from Canadiana and US export development corporations.
The company announced the project’s suspension after the new Chilean Environmental Superintendent ordered the halt of activities and fined Barrick over $16 million, the largest environmental fine in Chilean history, for a number of serious breaches of its environmental licence. In October, Barrick Gold suspended activities on the Argentinean side as well.