- Chile's Supreme Court has halted development of Goldcorp's (GG -1.2%) El Morro gold and copper mine, saying an environmental permit awarded last year should be stopped until a fresh consultation takes place with local indigenous groups who oppose the $3.9B project.
- The decision overturns a local appeals court finding from last April, which dismissed an appeal lodged by the local Diaguita community, who say the mine is planned on what they deem as sacred ancestral land, and that it could pollute a local river.
- El Morro is 70% owned by GG and 30% by New Gold (NGD -2.6%).