In December 2009, the Western Shoshone won a legal victory on the expansion of Barrick Gold’s key Cortez gold mine in Nevada. Yet despite this the company proceeded with the project. It now appears that Barrick has been granted a “more tailored” injunction, allowing it to continue operations while the U.S. Bureau of Land Management conducts a study into three aspects of the project.
Barrick is a Canadian company but London-based AXA Investment Managers UK Ltd had over $10 million invested in the company in 2007, BlackRock Commodities Income Trust plc has invested in the company, and the company also has connections with Millhouse Capital, controlled by London resident Roman Abramovich, and New City Investment Managers Ltd/NCIM (UK). (See From Money to Metals by Roger Moody,