BankTrack News
Barrick Gold suspends Pascua Lama
2013 |
BankTrack
2013 |
BankTrack
Barrick Gold announced in October 2013 that it would indefinitely suspend its flagship Pascua Lama
project, largely due to lack of investment options. The project has been the focus of an
international campaign calling for its cancelation based on its impacts on a sensitive glacier system. Serious troubles
arose for the project following an Equator Principles Due
Diligence Review presented to EDC (Canada) and EXIM Bank (USA) in 2012 by CEDHA, IAP, the Banktrack Network and others. The loan deal fell apart a few months after the
complaint was filed.
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