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Barrick Gold Corp T.ABX

Alternate Symbol(s):  GOLD

Barrick Gold Corporation is a Canada-based gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d'Ivoire, the Democratic Republic of the Congo, the Dominican Republic, Mali, Tanzania and the United States. It has ownership interests in producing copper mines in Chile, Saudi Arabia and Zambia. Its operations include Nevada Gold Mines, Bulyanhulu, Hemlo, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Tongon, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, approximately 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Hemlo operation is located north of Lake Superior on the Trans-Canada Highway, approximately 35 km east of Marathon, Ontario, and it is an underground operation.


TSX:ABX - Post by User

Bullboard Posts
Post by scissors14on Jun 07, 2004 11:07pm
426 Views
Post# 7583199

Gold Firm Libelled on Web Sites, Court Rules

Gold Firm Libelled on Web Sites, Court RulesGold Firm Libelled on Web Sites, Court Rules By Tracey Tyler Toronto Star Saturday, June 5, 2004 In a decision legal experts say will "scare the hell" out of Internet users and set back free speech, the Ontario Court of Appeal has ordered a homeless Vancouver man to pay $125,000 in damages for libelling a gold mining corporation on several Web sites. The court also issued a permanent injunction to stop Jorge Lopehandia from defaming the company in cyberspace. When Barrick Gold Corp. sued Lopehandia for libel last year, the trial judge, Madam Justice Katherine Swinton, concluded his Internet postings amounted to an "emotional, often incoherent" diatribe that no reasonable person would take seriously. She awarded the company a nominal $15,000 for injury to its reputation. But the appeal court set aside her decision yesterday. In a 2-1 ruling, the court called Lopehandia's campaign of "cyber libel" malicious, high-handed, unremitting, tenacious, vicious, spiteful, "wide ranging in substance, and worldwide in scope." Lopehandia claims that he and three others nominally owned a Chilean mine site acquired by Barrick. In messages posted on various cyber bulletin boards, he accuses the company of, among other things, fraud, money laundering, and pursuing organized crimes against humanity. "Barrick is DEVIL killer," one line said. Libelling someone on the Internet is different than defaming him in other media, such as newspapers, the court said yesterday. Lopehandia's use of the Internet made his "blizzard" of messages potentially more damaging -- and more believable -- because of the speed, scope, and blunt anonymous nature of statements on the World Wide Web, the court said. Lopehandia did not have a lawyer representing him at the trial or when the case came before the Court of Appeal. Mr. Justice Robert Blair, who wrote yesterday's decision, said Lopehandia's writing style might not be taken seriously in more traditional media, such as newspapers, but there's nothing to suggest it would be laughed off on the Internet, where, as one expert put it "anything goes." The majority increased general damages to $75,000 and ordered Lopehandia to pay $50,000 in punitive damages as punishment for conduct Blair described as falling into the special category of being so outrageous that it offends the court's sense of decency. The use of the Internet helped to push it into that league, he said. Reached yesterday in North Vancouver, Lopehandia's son, Jordan, 23, said his father is living in a downtown hostel and has no access to a phone. He believes that people are out to get him, his son said. Libel law experts found yesterday's ruling deeply troubling. "This is a decision which will send a chill to users of the Internet," said Toronto lawyer and libel law expert Bert Bruser, who represents the Star. "The Court of Appeal has determined that somehow or other, chatter on the Internet is more deadly than other forms of libel and they did this, it seems to me, without any evidence." Libel law expert Brian Rogers agreed. Rogers said he too found it disturbing that "some very strong and pervasive" findings were made about the Internet without hearing from those who might defend how it was used in this case.
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