The Morgan Report Blog

Is Barrick (ABX) Having More Trouble Than We Know With Pascua Lama?

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The Morgan Report January 2016

Spokane, WA – WEBWIRE – Monday, February 15, 2016

“Barrick self-created the environmental damage by opening its tailings ponds to destroy waterways fountains and other water sources, as well as agricultural cops downstream. They needed an environmental excuse to shut down the project, because they knew they did not own a perfect legal title in the area.”

In this issue of The Morgan Report there is an exclusive interview about Barrick’s Pascua Lama project that is something serious investors would consider vital information. Beyond what is discussed in this issue, there are ancillary matters of lawsuits by Barrick shareholders, concerns by several categories of stakeholders in the region regarding the potential for water and ground pollution, and concerns about economic effects of development on the local populations.

This story contains elements fit for the most riveting spy novel. Certain things are known, in the public domain, and can be discussed and analyzed. Knowledge of certain other items will only become known in the fullness of time and after the final differences in interpretation, charges, countercharges and new charges have been settled.

TMR Note: The intent of this report is to present the story to the readership in a clearly-written overview with background material and some analysis – providing information so that readers can follow events and come to their own conclusion. There are a number of moving parts to this story, and some may find it to be a bit complicated.

Given this story’s complex nature, which has been constructing itself over the last two decades, it would be difficult to chronicle all of the important events which took place, from about 1994 – 2016. Certain elements are in dispute as this report is being written. Some legal maneuvers have yet to be undertaken and acted upon (or against). But, at present, enough has been stated that a coherent narrative can be written about this very important, revealing and thought-provoking story.

Further updates will be provided as required, as events play themselves out and new data and commentary becomes available. However, the exclusive interview quotes Mr. X who stated to The Morgan Report: “Barrick self-created the environmental damage by opening its tailings ponds to destroy waterways fountains and other water sources, as well as agricultural cops downstream. They needed an environmental excuse to shut down the project, because they knew they did not own a perfect legal title in the area.”

Again, information contained in the January issue has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy.

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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