In a widely-applauded move, Argentina’s senate has passed an Act to protect the country’s glaciers, which should curb Barrick’s plan to mine the massive Pascua Lama gold deposit.
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,