Barrick Gold ships US$496M since Dominican leader’s warning
Santo Domingo. - Barrick Gold’s gold and silver exports ?? 11 topped US$496 million since November, ratcheting its shipments after president Danilo Medina issued the April 30 deadline to start talks to review the mining contract to give the country a bigger share.
Citing a Customs Agency source, elnacional.com.do revealed that Medina will receive today the full report on the review of Barrick’s 27 gold and silver shipments to date.
Barrick’s 27 shipments since Nov. 11 were reportedly 9,040 kilos of gold and 24,357 of silver.
Our personal math
Barrick’s 27 shipments since Nov. 11 were reportedly 9,040 kilos of gold and 24,357 of silver
kilo = 35.27 oz
Gold oz price :US 1600
9,040 kilos x US1,600.00 x 35.27=
U$510,145,280.00
__________________________
oz silver: U$25.-
US25 x 35.27 oz x 24, 357 kilos=
U$21,476,784
___________________
Total taken by Barrick gold till now :
U$531 Millions
_______
Total paid to the Dominican state:
US 0 Dollars
______
Total they are planing to pay to the Dominican state:
US 0 Dollars
______
Total paid in Fines for smuggling:
US 0 Dollars
____
Dominican Republic offers Barrick Gold a “final” deal
Dominican Republic on Tuesday made to Barrick Gold what it calls the final proposal to amend its mining contract, the Presidency’s Press Office said in a statement.
"We have presented today (Tuesday) a final proposal and we expect an answer in the coming days," the document says.
"In any given scenario the government will demand compensation to the country for mineral exports payable retroactively," it said, noting that any decision the Executive Branch agrees to will affect the mining company’s total exports "since the first ounce of gold that left the country, November 13, 2012."
He said the commission designated for the talks underwent an intense process in recent weeks, "which should lead to a definitive definition, in the short term.
The Dominican government already gave them their final warning.So far Barrick gold has always a last nasty trick under the sleeves.
Santo Domingo. - Barrick Gold’s gold and silver exports ?? 11 topped US$496 million since November, ratcheting its shipments after president Danilo Medina issued the April 30 deadline to start talks to review the mining contract to give the country a bigger share.
Citing a Customs Agency source, elnacional.com.do revealed that Medina will receive today the full report on the review of Barrick’s 27 gold and silver shipments to date.
Barrick’s 27 shipments since Nov. 11 were reportedly 9,040 kilos of gold and 24,357 of silver.
Our personal math
Barrick’s 27 shipments since Nov. 11 were reportedly 9,040 kilos of gold and 24,357 of silver
kilo = 35.27 oz
Gold oz price :US 1600
9,040 kilos x US1,600.00 x 35.27=
U$510,145,280.00
__________________________
oz silver: U$25.-
US25 x 35.27 oz x 24, 357 kilos=
U$21,476,784
___________________
Total taken by Barrick gold till now :
U$531 Millions
_______
Total paid to the Dominican state:
US 0 Dollars
______
Total they are planing to pay to the Dominican state:
US 0 Dollars
______
Total paid in Fines for smuggling:
US 0 Dollars
____
Dominican Republic offers Barrick Gold a “final” deal
Dominican Republic on Tuesday made to Barrick Gold what it calls the final proposal to amend its mining contract, the Presidency’s Press Office said in a statement.
"We have presented today (Tuesday) a final proposal and we expect an answer in the coming days," the document says.
"In any given scenario the government will demand compensation to the country for mineral exports payable retroactively," it said, noting that any decision the Executive Branch agrees to will affect the mining company’s total exports "since the first ounce of gold that left the country, November 13, 2012."
He said the commission designated for the talks underwent an intense process in recent weeks, "which should lead to a definitive definition, in the short term.
The Dominican government already gave them their final warning.So far Barrick gold has always a last nasty trick under the sleeves.
They have pretend to ignore the government about renegotiate the contract-scam they made before.
under that scam, they dont have to pay a single penny to the government.
Barrick Gold already have nasty relationship with governments all over the world,. Specially in Latin America.
They were ordered to halted operations in Chile this month and to pay a big fine in Nevada , USA for contamination..
Their idea of not paying nothing to the Dominican government , continue smuggling gold shameless in front of the authorities, and heavy polluting dozens of rivers in Dominican Republic is unbearable, not to mention dead cattle, spoiled crops and a lot of ill people.
So far, Barrick gold have only bring misery to Dominicans and the proofs are way overwhelming
The Dominican President have the support of most Dominicans.
As far as I could see, the only result is to follow Chilean steps.
Time to stop Barrick Gold!
Update..-> -> ->. Breaking news!
US$96M fine ratchets Dominican Republic-Barrick Gold showdown
Update..-> -> ->. Breaking news!
US$96M fine ratchets Dominican Republic-Barrick Gold showdown
Santo Domingo.- The Dominican Government on Wednesday halted
another precious metal shipment by Barrick Gold, just hours after
offering the Canadian based minor a “final deal” to amend the contract
for the mine at Pueblo Viejo.
The Customs Agency instructed its Punta Caucedo Port office at Las Americas Airport (AILA) to retain Barrick’s gold cargos until it reaches a new agreement with the Government.
The information was provided Wednesday morning at Las Americas, from where a detailed report was sent to president Danilo Medina on Tuesday, after inspections conducted on Barrick’s exports found alleged irregularities.
The Government reportedly instructed Customs to slap the mining company with more than US$96.0 million in fines for its doré shipments.
Another smuggling case, just minutes after the warning?
So Barrick gold is above dominican laws and the President as well?
So the dominican president means nothing to Barrick Gold?
This is going to be good!
The Customs Agency instructed its Punta Caucedo Port office at Las Americas Airport (AILA) to retain Barrick’s gold cargos until it reaches a new agreement with the Government.
The information was provided Wednesday morning at Las Americas, from where a detailed report was sent to president Danilo Medina on Tuesday, after inspections conducted on Barrick’s exports found alleged irregularities.
The Government reportedly instructed Customs to slap the mining company with more than US$96.0 million in fines for its doré shipments.
Another smuggling case, just minutes after the warning?
So Barrick gold is above dominican laws and the President as well?
So the dominican president means nothing to Barrick Gold?
This is going to be good!
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