Recent

% | $
Quotes you view appear here for quick access.

Barrick Gold Corporation Message Board

  • island_looker island_looker Jun 4, 2013 3:20 PM Flag

    Is Barrick Titleless at Pascua? Really

    I have seen a lot of information out there pointing in the direction of Barrick is titleless at pascua, perhaps they at Barrick are using the environmental problems they created on purpose to exit or shelve the Pasua Lama Project for good due to not owning titles at law in Chile, REALITY is that Barrick has not opened Pascua for over 17 years!!! WHY? No Titles? How Long did it take to take down Bern Madof???? about 14 years i think, I am curious to see what Barrick's next move at Pascua, perhaps Jorge Lopehandia is winning is ongoing litigation in Chile for Title Fraud of Barrick, perhaps there is nothing perhaps this is going to blow up in Barrick's face soon? Anybody care to share anything here

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Has anybody seen today's CNN Chile interview with a very well known lawyer from Chile, does not look good for Barrick at law with titles at pascua

    • Barrick has legal problems over titles to the deposit of Pascua, the title issue has been Barricks problem since 1996. Barrick has each and every year tried to lift the court injunction which is preventing Barrick from mining Pascua (the chile side) without success. The chile courts has accepted criminal charges against Barrick, Barrick has a legal mess at Pascua Lama.

      TECHNICAL REPORT LOCATION: MINA PASCUA (PASCUA-LAMA) PROJECT, CHILE

      Catalino Albanez Vergara, Ingeniero Ejecución en Minas [T.N.: This appears to mean Mining Enforcement Engineer; hereinafter I.E.M.], Expert Mine Surveyor since 1980 and Court-accredited Expert for the Appeals Court of La Serena, domiciled at “Pasaje Los Olivos 955”, La Serena, hereby states:

      1.-Nevada Mining Company 1994 PASCUA-LAMA PROJECT THE AMARILLOS 1 THROUGH 3000.- This mineral deposit (PASCUA-LAMA project) is located inside of the AMARILLOS 1 THROUGH 3000 mining properties and it is in turn located within the groups of mining properties TESORO FIVE and TESORO SEVEN, where they are located as shown in the report presented to COREMA and the pertinent entities and public opinion for the purpose of obtaining the corresponding sectoral permits for the development of the mineral deposit denominated PASCUA-LAMA, which is complemented with photographs from “GEOGLE” [presumably “GOOGLE”] showing the whole yellow mountain (alteration deposit) which is also mentioned in the official Survey Record, in the chapter entitled “Acceso al HM” [Access to HM]; the same is described in later surveys of the TESORO FIVE and TESORO SEVEN groups.

      CONCLUSIONS REGARDING LEGAL TITLE AUTHORITY AS AT JUNE 15, 2011. To this date there are no valid marginal annotations on these title deeds in the name of Barrick Gold Corporation-ABX of Canada, Barrick Chile or Minera Nevada Limitada, according to an original copy of same which I have before me. The original 2011 copy DOES certify by means of a marginal annotation the litigious rights of Mr. Jorge R. Lopehandia Cortes as the first-claim legal right to title.

      FINAL CONCLUSION The properties LOS AMARILLOS 1 through 3000 and TESOROS should not have been included in the list of mining properties as being the property of BARRICK GOLD CORPORATION-ABX of Canada, due to the fact that these properties have not been nor are they now registered in the name of said firm at the Registrar of Mines of the City of Vallenar, in the Atacama Region, Republic of Chile, in conformity with Chilean law. Moreover, these title deeds could not have been transferred or sold or contracted in any manner whether in Chile or abroad due to the fact that a prohibition is in place, granted by a Chilean Court which prohibits the carrying out of actions or execution of contracts.

    • The largest gold mining company in the world, Barrick Gold and its Chilean subsidiary, Nevada Spa Mining, could lose in the coming months the Pascua deposit worth millions after a series of frauds regarding mining property and repeated poor environmental practices. The deposit is known as the Pascua-Lama, with the name Pascua from the Chilean side, and Lama from the Argentine side.
      Barrick Gold is accused of illegally extracting gold minerals along with outlawed salt and nitrate concessions. The accusations include mining gold from Chile while ignoring a provisional Supreme Court measure that prohibits mining activity and securing new contracts, conducting business in the international bank with “phony” titles, and trying to obstruct justice using false testimony, among others. The accusations have been presented by Chilean mine owner, Jorge Lopehandía, who along with Mountainstar Gold Inc, were granted legal ownership of the Pascua mine in February.

      On February 1, 2013, Alan GS Hultman, the lawyer for Mountainstar Gold Inc, received the Pascua Mine Chile property titles and its mining concessions.

      On January 16, the titles were issued in Vallenar, Chile by the Mines Commissioner, Paulo Cortes Olguín. This grants sole legal jurisdiction over the Pascua Mine area concessions and titles, to Lopehandía, who has been threatened and pressured by Barrick Gold to waive his own rights.
      The titles were authenticated by the Ministry of Justice and the Ministry of Chilean Exterior Relations and have been validated by the Canadian Embassy in Santiago, Chile. This happened after Barrick tried to invalidate Lopehandía’s actions in Canada several times.

      This is a check or almost checkmate for Barrick, because in Chile the only person authorized to grant a valid mining property certificate, or for that matter, who can validate the right [to mining property], is the Mines Commissionar, who in this case is from the the jurisdiction of the city of Vallenar.

      The Mines Commissioner established in a legal document that the concessions of the Pascua Project in Chile: Tesoros Uno 1 al 30 through Tesoros Doce 1 al 5 are in Jorge Lopehandía’s name, making him the valid title-holder from 2013 onward.

      Thus this advance ruling underscores that Barrick Gold Corporation (ABX), or its affiliates in Chile do not have titles nor have they ever had titles for these concessions.
      Secondly, the Commissionar established through the work of Lopehandía’s mining agent, Mr. Villar, that “Amarillos North (12,850 acres) and Amarillos South (8,400 acres) have been Lopehandía’s property since 1996.

      Both Lopehandía and Brent Johnson, his partner from Mountainstar Gold Inc, reiterated their confidence in the Chilean justice system, adding that “all the false declarations made by Barrick executives and their affiliates in Chile in relation to these titles, have given way to criminal chrges, and a call for jail sentences against those involved with the case.”

    • There are many proposed mines out there that go thru over 20 years of permitting, and eventually never get permitted, almost always it's because of environmental constraints/concerns.

      • 1 Reply to who_needs_m3_anyways
      • All the environmental BS is self inflicted or pure BS. Why don't you explain to us the injunction against Barrick preventing them ownership of Tesoro 1 1/30 to Tesoro 12 1/5 and Barricks fraudulent inclusion of the legally dead AMARILLO 1-3000 titles. Experts for Senageomin has located the deposit of Pascua on Amarillo 1-3000 and the overlapping Tesoro titles. Barrick has a project in Argentina without the legal titles to the deposit of Pascua on the Chile side. It's 20 years of title fraud from Barrick and securities fraud for including the above mentioned Amarillo 1-3000 and Tesoro titles as property of Barrick in Barricks SEC 6K and ISC 43-101 filings.

        All the other BS from Barrick is excuses and a smoke screen so Barrick can try to lift the 2001 injunction which they will never do . Tricycles have been already granted certified domain from the mines commissioner in Vallenar Chile in Jan 2013, right around when Barrick flooded the river with waste to start another round of excuses. Not to worry for those who actually have a heart, Barrick requires the Pascua Lama Protocol, Barrick is facing criminal charges in relationship to lies by Barrick executives in Chile to Chiles's criminal investigation. The truth is that Barrick has been using their influence and bullying their way onto Pascua without legal rights to the deposit.

 
ABX
7.06+0.01(+0.14%)Jul 31 4:00 PMEDT