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Barrick flags $5.5B Pascua-Lama impairment

IN the wake of challenging market conditions, Barrick Gold has delayed the start-up of its $US8.5 billion ($A9.3 billion) Pascua-Lama project by as long as two years, while flagging a $4.5-5.5 billion write-down of the troubled project.

Kristie Batten
Barrick flags $5.5B Pascua-Lama impairment

The real trouble for Barrick started in April, when a court injunction forced it to suspend construction on the Chilean side of the project over environmental concerns.   Chilean authorities fined the...

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