Pueblo Viejo Affected by Major Rainfall Event
Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) ("Barrick") announced that in the aftermath of a major rainfall event in the area, it is working to alleviate a buildup of rainwater which has damaged the tailings facility at its 60%-owned Pueblo Viejo project. The facility, which is under construction and has not yet reached its full storage capacity, currently contains only rainwater and accumulated runoff from recent storms. All other areas of the project, including several other facilities under construction, were unaffected by the recent storms.
The area around the project site received about 217 millimeters of rain during the 48-hour period of Tuesday and Wednesday of this week. According to available records, this is a historically high level of precipitation. Pueblo Viejo managers notified local and national authorities and alerted local communities promptly with their concerns over rising water levels. There have been no injuries related to this event, however, the majority of site employees have...
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