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New Gold Announces Chilean Court Decision Regarding El Morro Environmental Permit

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Courtesy of Benzinga.

New Gold Inc. (NYSE: NGD) today announces that the Chilean Supreme Court has temporarily suspended the approval of the environmental permit for the El Morro Project. The El Morro Project is a joint venture between New Gold and Goldcorp Inc (NYSE: GG), where New Gold is a 30 percent partner and Goldcorp is the 70 percent partner and the project developer and operator.

The environmental permit was originally approved on March 14, 2011.

(c) 2012 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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