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Chile environmental court orders Barrick to close Pascua-Lama gold mine

By Reuters SANTIAGO, Oct 12 (Reuters) – Chile’s environmental court on Friday ordered Canada’s Barrick Gold Corp to definitively close the Chilean side of its stalled Pascua-Lama mining project, a final procedural step that draws a line under a long-running saga. The court, sitting in the northern Chilean city of Antofagasta, approved by two votes

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Asia Gold-High prices deter buyers ahead of India festival season

By Reuters MUMBAI/BENGALURU, Oct 12 (Reuters) – Physical gold demand in India was subdued this week as a rally in domestic prices curbed retail purchases going into a key festival season, while buying remained lacklustre in other major Asian hubs. In the Indian market, gold futures this week touched their highest since July 2016 at

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Gold Fields CEO asks for `more time’ as investors get antsy

By Bloomberg News (Bloomberg) — Gold Fields Ltd. shareholders getting impatient over the company’s failure to stem losses at the huge South Deep deposit in South Africa shouldn’t lose hope, said Chief Executive Officer Nick Holland. Gold Fields said in August it’s embarking on yet another turnaround plan at the operation, its only one left

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