Santo Domingo.- Several senior executives of Barrick Gold Corp. will visit the country in the next few weeks to endorse the contract renegotiated with the Dominican Government.
The announcement comes two weeks after Barrick Gold capitulated before president Danilo Medina’s stern warning to review the gold mining contract to give the country a faire share of the income.
Once the preliminary agreement signed May 8 is ratified, it would be submitted to Congress, which is expected to approve the amendment.
The government officials who participated in the talks to rewrite the contract for the mine at Pueblo Viejo (northeast) have continued holding meetings to hammer out some details.
A source quoted by hoy.com.do said despite the announced preliminary agreement, it’s a complex negotiations involving several new financial aspects, especially for the Canadian miner.
The source also notes that while gold’s price of US$1,600 an ounce was used as the reference in the renegotiation, what should be done regarding its current downward trend must still be established.
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The source didn't mention that BG keeps the same operational cost as it was in 2008, so it keeps a VERY good deal for BG.
The conversation of BG and the government were about the financial issues.They haven't talk about pollution, eviction ,unemployment, cleaning the cyanide and mercury from the rivers and dams, , water treatment program , health issue, dead crops and what are they going to do with the 600 families they left without water in that area.
The situation now is unbearable for those people living in the second poorest area of Dominican republic
The government was supposed to be protecting their people. So far it seems like another scam to me.
Time to be good Dominicans and support our brothers and sisters in that deprived area.We need to be proactive and keep our natural resources.
Time to say no to Barrick Gold !
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