Chile, Argentina drive for Pascua Lama gold deal

Chile, Argentina drive for Pascua Lama gold deal - "Chile and Argentina hope a meeting in October could resolve the prickly tax issues stalling development of Pascua Lama, the massive gold deposit in the Andes mountain range bordering the two countries.

A resolution could be in sight this year.

Pascua Lama, one of the world's last known mega-gold finds, is located about 5,500 meters (18,000 feet) above sea level and holds a treasure trove of some 17 million ounces of gold. It is also one of the world's largest silver deposits.

The project, owned by Canada's Barrick Gold Corp (ABX.TO: Quote, Profile, Research, Stock Buzz), overcame years of environmental challenges after Barrick agreed to leave nearby glaciers untouched. Then it ran into a tax dispute between the host countries." More
- 09/17/08 | Item |

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