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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: The Barracuda™ who wrote (82286)	5/24/2013 1:15:28 PM
From: the traveler	Respond to of 207706

Shares of Barrick Gold Corp. ( NYSE: ABX) and Silver Wheaton Corp. ( NYSE: SLW) were halted shortly after noon today following a Chilean court ruling that blocks further work at Barrick’s Pascua-Lima mine. The project had been suspended in April to give the court time to consider claims by indigenous communities that environmental damage had fouled water supplies and nearby glaciers and pastures. In addition to the halt to construction, Barrick has been ordered to pay a fine of $16 million for admitting that it had failed to build systems to contain contaminated water associated with the project. The company said in its press release announcing first quarter results that it is evaluating “all alternatives” for the Pascua-Lima mine, including a shutdown of the project. Read more: Barrick Gold, Silver Wheaton Shares Halted: Chile Blocks Project, Fines Miner $16 Million - 24/7 Wall St. http://247wallst.com/2013/05/24/barrick-gold-silver-wheaton-shares-halted-chile-blocks-project-fines-miner-16-million/#ixzz2UEOvz8jU