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Chile court suspends Barrick's massive Pascua-Lama project

A Chilean court has temporarily suspended the construction of Barrick Gold Corp's huge Pascua-Lama gold and silver mine after indigenous communities said the project was destroying glaciers and harming their water supply.The appeals court in the northern town of Copiapo said it will analyze the communities' complaints of "environmental irregularities" in connection with Barrick's project, which has been plagued by soaring costs and stiff opposition from environmental groups.Perched high in the Andes mountains on the Chile-Argentina border, the mine is expected to cost between $8 billion and $8.5 billion, and Barrick could now face a long and costly legal battle to complete it.The dispute could take several months to resolve, and an appeal to the Chilean Supreme Court is likely, a court source told Reuters.The suspension of one of Chile's largest mining projects is the latest in a series of setbacks to key metal and energy projects that threaten extensive investment in the world's top c...

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