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Santo Domingo.-
Seven Barrick Gold Corp. executives arrived
at Las Americas Airport from the U.S. on Monday, as the Government retains a
third a gold shipment in as many months to press talks for a new contract.
A source close to the negotiations between the Canadian miner and the Government was quoted by eldia.com.do as saying that Barrick could notify its decision to take the case to international arbitration.
It was learned that though the notification wouldn’t halt the talks with Dominican authorities, it would advance the arbitration if a deal isn’t reached.
A shipment of 1,264 ounces of gold and silver bars bound for Canada was retained by Customs at Las Americas on May 1.
Barrick Gold senior executives Calvin Francis Pon, John Lawson Thornton, Alann Hjordis Heath, Derek Hudson Burney, Kelvin Paul Michel Dushnisky, Andrew lloyd and Curtis Arthur Johnson arrived noon Monday on a private jet from Denver, Colorado.
Customs accuses Barrick Gold of "constant irregularities" on export forms, but in a statement the Canadian company said that "all documentation for shipments made to date has been inspected and approved" by Customs.
Peter Munk founder of Barrick gold with John Lawson Thornton a chairman of BG who is in the DR trying to resolve the conflict
Presidency chief of staff Gustavo Montalvo last week revealed that a "final offer" was already sent to the company to renegotiate the contract. “In any given scenario the Government will receive retroactive compensation payable to the country for mineral exports."
It was also reported that the Government hired a company to assess Barrick Gold’s investment, and found a “sizeable” difference with the Canadian miner’s figures.
The Dominicans have been warning BG for so long for constant irregularities and review of the contract .Now that they didn't want to renegotiate the contract since the first time, they came begging for a review and an interview with the government officials.
The Barrick Gold officials have been acting with a lot of arrogance , and keep ignoring the claim of the dominican government to get an agreement. Under the actual contract the Dominican wont see a dime in real life while Barrick Gold will make billions out of the Dominicans, while the area keep flooded with cyanide .
Barrick Gold tradicionally have a dark past in their relation with countries they have gold mines at.Last month they were fined in Nevada, USA, and two weeks ago they were expelled of Chile.Barrick gold have a long history of scams, brivery, heavy pollution, evictions, etc..
Maybe that's why Barrick Gold is the most hated company in the world.Hopefully this time Dominican officials will get some wisdom at the time of signing the contract.
A source close to the negotiations between the Canadian miner and the Government was quoted by eldia.com.do as saying that Barrick could notify its decision to take the case to international arbitration.
It was learned that though the notification wouldn’t halt the talks with Dominican authorities, it would advance the arbitration if a deal isn’t reached.
A shipment of 1,264 ounces of gold and silver bars bound for Canada was retained by Customs at Las Americas on May 1.
Barrick Gold senior executives Calvin Francis Pon, John Lawson Thornton, Alann Hjordis Heath, Derek Hudson Burney, Kelvin Paul Michel Dushnisky, Andrew lloyd and Curtis Arthur Johnson arrived noon Monday on a private jet from Denver, Colorado.
Customs accuses Barrick Gold of "constant irregularities" on export forms, but in a statement the Canadian company said that "all documentation for shipments made to date has been inspected and approved" by Customs.
Peter Munk founder of Barrick gold with John Lawson Thornton a chairman of BG who is in the DR trying to resolve the conflict
Presidency chief of staff Gustavo Montalvo last week revealed that a "final offer" was already sent to the company to renegotiate the contract. “In any given scenario the Government will receive retroactive compensation payable to the country for mineral exports."
It was also reported that the Government hired a company to assess Barrick Gold’s investment, and found a “sizeable” difference with the Canadian miner’s figures.
The Dominicans have been warning BG for so long for constant irregularities and review of the contract .Now that they didn't want to renegotiate the contract since the first time, they came begging for a review and an interview with the government officials.
The Dominican president was clear : "the Government will receive retroactive compensation payable to the country for mineral exports."
The Barrick Gold officials have been acting with a lot of arrogance , and keep ignoring the claim of the dominican government to get an agreement. Under the actual contract the Dominican wont see a dime in real life while Barrick Gold will make billions out of the Dominicans, while the area keep flooded with cyanide .
Barrick Gold tradicionally have a dark past in their relation with countries they have gold mines at.Last month they were fined in Nevada, USA, and two weeks ago they were expelled of Chile.Barrick gold have a long history of scams, brivery, heavy pollution, evictions, etc..
Maybe that's why Barrick Gold is the most hated company in the world.Hopefully this time Dominican officials will get some wisdom at the time of signing the contract.
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