The Diaguita Indians had taken ABX to the Chilean Supreme Court to seek revocation of their Environmental Permits. If the Diaguita had won, Barrick would have had to start over and prepare an entirely new environmental impact study and present it for approval and relicensing. This would have delayed the Pascua Lama project even further.
The Supreme Court confirmed the suspension to correct the deficiences is legal as is and that no reevaluation of the environment permits need to be done.
Headline in the WSJ reads: Chile Supreme Court Rejects Permanent Shutdown of Barrick's Pascua Lama Gold Mine
yes it is good and shows Chile is more like western country than crazy VZ. (Which it is if ever visited there.) This will be win for all interests and I am sure doing this project right will now be a main focus of company.
if barrick were smart, they'd start to hire some guns for hire and take out a few hundred Indians. they'd change their tune really fast. Someone needs to show them who's boss and tell them we mean business. I think 250-500 of them is a start. Go for it ABX. Get rid of them for good.
"This (ruling) is positive for the project," said Juan Carlos Guajardo, head of mining think tank CESCO in Chile, who said a cancellation of the environmental license would have been "the most complicated scenario" for Pascua-Lama. "This lessens one uncertainty," he added. :.. Reuters Article .. UPDATE 2-In relief for Barrick, Chile court doesn't nix mine permit