Pakistan’s top court declares invalid a lease for one of the world’s richest deposits of gold...

|By:, SA News Editor

Pakistan’s top court declares invalid a lease for one of the world’s richest deposits of gold and copper held by a Canadian-Chilean consortium that includes Barrick Gold (ABX -1.2%). The plan was to build and operate a copper and gold open-pit mine in violence-torn Baluchistan province, but work came to a standstill in 2011 after the local government refused to renew the lease.