Thank you for your holiday greetings, Voodoo. May the season be a blessing to you. First, I apologize profusely for confusing the date of the Supreme Court case, which means that the public record has been available two years less than the unspecific years that I cited.
Second, I see that MSX (still under a cease trade order) has issued a news release today that a court hearing will be held today to award JL costs incurred from procedural delays . At least if the court finds against Barrick, Mr. Torres will get paid.
If this is the great victory that PF was predicting, that "ABX was going to die" last week, it is rather lame. It also proves that JL doesn't have "clear title" as Los Amarillos 1-3000 are still registered to Barrick.* So after four years, nothing has changed except MSX has millions more shares of issued stock and JL has received millions of dollars in return. Shrug.
*Not that it would make any difference to Barrick even if JL does manage to strike out the Amarillos 1-3000 titles. Barrick's Pascua Lama mine pit does not reside on those claims.
Despite the prepublicity, I think that all YKR will be offering is a copy of the transcript of 2006 Supreme Court case, which has been public record for years. If it is more than that, more up-to-date, I will be pleasantly surprised. As far as PF's statements, I haven't been able to locate any current Barrick litigation in Chile except the environmental damage to glaciers case in the Environment Court brought by the indigenous peoples. In either situation, I am not holding my breath waiting for something definitive to be revealed. I expect more of a whimper than a bang.
he Senior Vice President of Pascua Lama, Eduardo Flores said Monday that already have the system design water management of this binational mining project, the Canadian Barrick.
The manager said that "we have the design and now we will present it to the authorities to get approval," and so begin construction.
Flores addressed the issue to reporters after attending the 65th Annual Convention of the Institute of Mining Engineers (IIMCH), where he reiterated that the system of water management is the "key sanction process we have with SMA, so we can not think of any other activity while we resolve that. "