La contaminacion de la Barrick

SDE.-"La República Dominicana enfrenta un doble peligro con la explotación de los sulfuros de la mina de PuebloViejo, Cotuí, que lleva a cabo la Barrick Gold", afirmó ayer ingeniero Químico Rafael Solano Liz, quien narró las ocasiones en que esta transnacional canadiense ha sido multada en Estados Unidos y Chile por daños al medio ambiente.

Dijo el ingeniero Solano Liz, que el país está expuesto a que sus riquezas de oro, plata, cobre y otros metales que se encuentran en la mina de Pueblo Viejo, Cotuí, sean saqueados por la Barrick Gold, que logró agenciarse un contrato altamente lesivo a los intereses nacionales.


A juicio del experto el país y, específicamente la provincia Sánchez Ramírez y zonas aledañas, están expuestas a las graves consecuencias de una severa contaminación ambiental, por el ejercicio irresponsable de la transnacional Barrick Gold, en materia de explotación minera.

Recordó que recientemente, la Barrick Gold fue multada en Los Estados Unidos y Chile, por agresión al medio ambiente, lanzando durante varios años consecutivos, en forma clandestina, químicos tóxicos al medio ambiente, axial como por no proteger una amplia zona de glaciares en Chile, donde la transnacional minera explota yacimientos minerales.

De acuerdo al ingeniero Rafael Solano Liz, en Reno, Nevada, Estados Unidos, la Barrick Gold ocultó que contaminó con mercurio, cianuro y plomo.

Y asimismo, de igual manera, a un mes de que la dirección de Aguas de la Región de Atacama, en Chile, solicitara que Barrick Gold Mines Corporación sea multada por incumplir con la protección de los glaciares situados dentro del proyecto binacional chileno-argentino Pascua Lama, la minera acaba de ser multada en Reno, EEUU, recientemente, por la liberación de sustancias químicas tóxicas.

La Agencia de Protección Ambiental de EEUU ha ordenado a tres minas de oro del norte de Nevada a pagar un total de 618 mil dólares por no informar la liberación de químicos tóxicos, incluyendo cianuro, plomo y mercurio desde 2005 hasta 2008.

Dijo que si la Barrick Gold ha sido capaz de llevar a cabo esta práctica en países que cuentan con sólidas instituciones que velan por la protección del medio ambiente, como es en caso de Los Estado Unidos y Chile, en este país será peor.


Lamentó que el Ministerio del Medio Ambiente dominicano este en pañales y que esto obligue a prepararse para estar vigilantes ante los crímenes medioambientales en que pueda incurrir la Barrick Gold en la provincia Sánchez Ramírez y zonas cercanas.

En el ultimo contrato, el acuerdo no menciono absolutamente nada acerca de contaminacion, desalojos y plantas de tratamientos de aguas..La Barrick Gold tampoco ha pagado nada todavia a las autoridades dominicanas..

Barrick Gold’s Perfect Storm Peter Munk on Resource Nationalism and the Changing Global Paradigm

The origin of problems according to Barrick Gold

Barrick Gold’s Perfect Storm Peter Munk on Resource Nationalism and the Changing Global Paradigm



“Please understand” … pleaded Peter Munk several times to shareholdersgathered in Toronto on April 24th for Barrick’s annual shareholdermeeting (AGM) as he laid out the reasons why Barrick Gold has lost nearly three-fourths of its company value, why projects are being closed due toenvironmental contamination, and why all of a sudden gold, and Barrick Gold stock in particular, doesn’t look so attractive. The speech is a revelation of what really drives the gold miningindustry and one of the most controversial industry leaders in particular.

Munk was clearly referring to Pascua Lama, the multi-billion dollar goldproject on the Argentine-Chilean border that has become a constant headache forBarrick Gold. The project is riddled with environmental problems and unpredictedand escalating costs, and suffered as a result of the collapse of the financingscheme Barrick hoped to build with subsidized public money from EDC (Canada)and EXIM bank (USA). Today, the mine remains closed in Chile for failure tocomply with environmental regulations. Barrick’s legal appeals have had noinfluence on the Chilean authorities.



A year ago today, Munk boasted that the fundamentals were brilliant.Barrick was on the verge of launching two of the most spectacularly unique goldmines, Pascua Lama in Argentina/Chile and Pueblo Viejo in the DominicanRepublic. Both projects would be characterized by exceptional production, longlife, and some of the lowest average operating costs per ounce. This yearthough, Munk was reduced to asking, “What can I say to you? ...The fundamental stoday could not be more different than they were a mere twelve months ago. Our two mines are both in trouble”. (AGM Speech: Minutes 43:00-44:00)

At both Pascua Lama and Pueblo Viejo, Barrick has run into significant problems.Munk attributed this to growing resource nationalism, which he referred to numerous times throughout his speech. He says it’s a global phenomenon and the underlying characteristic of the new mining paradigm.

He posed the following hypothetical situation to the audience: “You’rethe new president of a small Latin American country… You have two choices, keepon taxing the people… or go after that big multinational huge globalcorporation with billions of dollars of assets. … This is totally understandable, it is the essence of this enormously rapidly growing resource nationalism… It is the ultimate threat to the very lifeline of the mining industry, which ultimately will cause an enormous spike in commodity prices. (Minutes46:00 - 47:00)

He pointedto leaders such as Hugo Chavez of Venezuela and Evo Morales of Bolivia … suggesting that “there’s a whole slew of new modern populist leaders that may not follow the rule of law as we expect them to do”. (Minute 48:00)

While never explicitly stated, it was clear that his critiques were no tso much about Chavez and Morales, but rather referred to his frustration with Argentina and Dominican republic

Ironically, the venting and frustration over host government rule-bendingquickly vanished when Munk came to the issue of executive pay. There, Munk pointed to the impressive CV of newCo-Chairman John Thorton, former Goldman Sachs chief, as a justification for awhopping US$11.9 million pay package from the gold giant to have Thorton takeover Barrick, which has dropped in value by nearly 75% since its recent marketpeak.

In his closing comments, Peter Munk reached out to the essence of whatsustains the gold industry. Companies mine, process and sell gold not forsocial or economic development, not for social progress and not for the benefitof the needy or the poor communities in the countries where Barrick Gold isinvested




So, the conclusion of BG speech:

• Dominican president is as radical and keep the same political lines of as Chavez and Morales
  

• The most important mines of BG are Pascua lama and Pueblo viejo have a populist leader that "dont follow the rules of law"

• BG always follow the rules of law
  

• BG is not in DR for social progress or the needy poor communities of Cotui.
  

• BG never mention pollution, smuggling cyanide, fines, etc so all those "rumors" are probably a lie

• Barrick Gold has lost nearly three-fourths of its company value, shareholders are VERY scare
  

• It's ok to pay somebody a bonus of $11.9 millions made from dominican gold , but not a single dime yet to dominican people
  

source: www.gowebcasting.com/events/barrick/2013/04/24/2013-annual-meeting-of-shareholders/play/stream/7102

These are the personal words of BG president Peter Munk in the last shareholder meeting..
Personally I am speechless ..

You make your own conclusions..

Barrick Gold sticks to its claim over limestone shipment

 
Santo Domingo.- Barrick Gold Corp. on Friday said the shipping manifest filed with the Customs Agency on the six tanks retained for nearly a month are in fact, limestone originally from Portugal worth only 50 dollars.
But Customs technicians said the cargo was shipped from the mine at Pueblo Viejo, Cotuí, a week after Barrick Gold and the Government signed the new agreement


An elnacional.com.do sources revealed that the mining company sought to ship the cargo to Canada, this time with a courier not the usual commercial carrier.

It said the company roused suspicions when it transported the six tanks to Punta Caucedo freight terminal’s Warehouse 10, instead of the customary Warehouse 3.

Another attitude which the source says spurred suspicion is that the company at no time demanded that Customs return the tanks which allegedly contain limestone.

They said the shipment would’ve been sent one week after signing the new contract, "the company still used tricks in the extraction of gold and silver, seeking to circumvent the payment of taxes."

Barrick Gold reportedly set the value of the limestone at 50 dollars, even though a shipping company would’ve charged more than $7,000 to ship it to Canada.
 

 Barrick Gold  set the value of the limestone at 50 dollars from Portugal?
The shipping company would’ve charged more than $7,000 to ship it to Canada.?
The limestone was coming directly from Pueblo Viejo mine?

Something smells very funny there..

Just the manner of declaring the commodity worth $50 is a slap in the face.
 Barricks actions moving the limestone originating from Portugal, subsequently arriving in the RD, and then manifiested to Canada is a de facto declaration of a special utility which adds value to the product.

 ¿ Is it worth the expense to ship ? Barrick thinks so.

Note: Gold is found in limestone deposits. Could it be the limestone was sent to Barrick in the RD for analysis ?

The actions by Barrick It do not pass the smell test.

Barrick's share holders have not gotten a whiff of it yet.

Unfinished business

The Barrick Gold issue



Everyone is happy about the big agreement of the Dominican government  with Barrick Gold related to Pueblo Viejo Gold mine in Cotui, but there are certain issues not finished yet..
 In a press conference after a meeting of several hours between senior officials and Barrick Gold executives in the National Palace, the government announced the pact to amend the contract, to be submitted to Congress as soon as possible.

 Among other points, the agreement will raise Government revenue by more than US$1.5 billion over the project's duration, in addition to the US$10.0 billion projected in March 2013, and raises the profit split from 37.1% to 51.3 % for the country, and lowers Barrick’s from 62.9% to 48.7%

Everything looks clear in the agreement..except for a couple of things:

• We haven't seen a dime yet..

• We haven't get clear what is going to happens with the millions in fines of BG that they already owe to the Dominican state.. ..

• 
  Do BG have any plan to employ Dominican people instead of bringing more peruvians?

• What is going to happens with the cyanide and mercury? How are they going to clean that mess?

• What is going to happens with the crops of cocoa beans, coffee beans and fishing infrastructure that we had before..?   Any reforestation plans either?

• Did anybody realize that we are pushing for more marginality of Dominican people by allowing the eviction of 600 families?

• So far, instead of bringing prosperity to Cotui area, BG only brought misery , illness, cyanide, evictions, and poverty..
  What the government, in charge of protecting its people ,is going to do about it?

• Is there any plan study to analyze the horrendous environmental consequences of Barrick Gold in DR?

2000 years later..I still hearing Jesus saying, "Father, forgive them, for they don't know what they are doing. .

Barrick Gold to seal reviewed Dominican mine contract next week

 

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.
 
 ________________________________________________________________________

 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 !

Nixed nickel mine is Dominican environmentalists’ 3rd major victory

 
Santo Domingo.- In the heels of the United Nations Development Program’s (UNDP) report that Xstrata Nickel Falcondo’s plan to mine Loma Miranda isn’t feasible, civil society groups were quick to demand its designation as a National Park.
 
The report against the planned mine marks the third major victory for the country’s environmental movement, after the ban on development of the Bahia de las Aguilas beach, and the construction of a cement plant near the Los Haitises National Park.

The UNDP said of evaluation of the environmental impact assessment by the firm, said the Falcondo’s project neither meets environmental, social nor sustainable development requirements.

In a press conference Thursday, UNDP officials headed by country representative Valerie Julliand listed the deficiencies found in the Falcondo study, noting that the miner didn’t take into account the growth in water consumption nor an analysis on the project’s impact on rivers. "Given the deficiencies in the environmental impact study, it’s concluded that the Loma Miranda project doesn’t meet the environmental and social requirements and therefore, the country’s sustainable development."

The UNDP official said relevant issues were omitted, such as ecosystem services and risk, and were considered only those relating to mining activity and not those of social biophysics.

Technology

The report notes that aside from those considerations, Falcondo did submit a novel project with new mining technologies in areas of sediment and runoff management and the reforestation process in the affected areas.


 
 Academy of Sciences

Dominican Republic Academy of Sciences president Miltiades Mejia said once again its technicians showed they possess the knowledge to express objections on topics such as Loma Miranda, when they called the project as unsustainable and counterproductive while taking into account the population’s views.
"Our proposal today is to designate Loma Miranda a National Park and ask Environment minister Bautista Rojas to enforce Law 64-00 in the case of Xstrata Nickel’s operation, to start restoring the mined areas, as the Law stipulates," Mejia said.

Bonao supports
The Bonao City Council yesterday issued a resolution to support the city of  La Vega’s demand that Congress declare Loma Miranda a protected area, according to a proposal submitted by Senator Euclides Sanchez.
 
Falconbridge willing to dialogue and to improve
Meanwhile Xstrata Nickel Falcondo said it would carefully analyze the UNDP’s report on mining viability of its project near La Vega.

                                                            Conclusion
So far it's a great achievement by the Dominican society to stop this private sector threat, but people haven't stop thinking about the environmental impact of having Barrick Gold pouring tons of cyanide on the tiny island of Santo Domingo and the impact of the wild life, the crops and the human being  living there.

Everything is happening little by little in front of our noses, till it would be to late.

The situation in DR will be simply unbearable.

It will be like having a major atomic dirty bomb in the middle of the island, with a complete devastation and deadly chemical and mineral pollution everywhere.
 
People is waiting for a report of the department of public health and what are they going to do about it.

It's time to preserve our legacy and national patrimony .

It's time   to learn  the repercussions and to be aware of the great danger that we have as a nation Cyanide pollution could be lethal..We need to stop them!
We need to put our grain of sand  for our future generations..

Let's do it!

Organizations keep claiming 5% of the benefits from the Barrick

About 106 organization of Cotui demanded 5% of the benefits from the Barrick Gold
They deposit yesterday a document in the Palacio Nacional with their claims




Santo Domingo.Representation of 106 organizations and unions of Sanchez Ramirez deposit yesterday a document in the National Palace about their position of what they understand should be included in the agreement between the government and the Barrick Gold

Between the issues they want the 5% of the benefits of the exploitations , an improvement over the the environment issue, they want to have an open union of Barrick employees,warranty for the supervision, accounting and transportation of the production, and that the dominican state should have more control, between different issues.



Óscar Pérez Núñez,speaker of the group say they were concern because in the agreement signed between the government and Barrick Gold they barely mention the people from Cotui affected by the mining company


He mention that after the beginning of the exploitation, Cotui is suffering from a big pollution, situation that make people get sick with fever, vomit and diarrhea.

Pérez Núñez said that they are thinking leaving the province and everything behind due to the high contamination int the area

Pérez Núñez, mention in the letter, addressed to the president Danilo Medina, they suggest to give Cotui a 5% of the resources for an institution that would be concern with the problems of the province of Sanchez Ramirez



We have mention this before, over and over.. And people haven't pay attention of some of the inner problems of the community: health, contamination, employment ,water, clean environment,etc.

These affected communities is going to be a reflection of what is going to happens to the rest of the Dominicans.

We can keep talking , and Barrick gold keep taking gold out of DR,we keep their cyanide and mercury and we haven't seen a penny yet of BG.

Somehow, this drama remind me the biggest claim of Jerry Maguire: Show me the money

it's like a never ending situation with BG, when some people come from over seas assuming how naive are Dominicans, while they keep taking the gold away, over and over and over again.

Is there something that we don't know yet?

When this is going to stop?

Edited on 5/23/2013 9:08 AM by ohhhvictor.

Barrick Gold weighs fewer mines

Barrick Gold weighs fewer mines


New York - Barrick Gold, the biggest miner of the metal by sales, is considering shrinking in size as the company focuses on returns over production volumes, chief executive Jamie Sokalsky said.

“Being more profitable is better than being bigger,” Sokalsky said yesterday at the Bloomberg Canada Economic Summit in Toronto.

“If we divested of some of those smaller, higher-cost assets and came down to a suite of assets that are long-lived and lower-cost and more valuable, I think that ultimately that can be a better investment proposition.”

Gold producers are trading at their cheapest in more than a decade relative to the broader market, according to data compiled by Bloomberg, as investors flee the industry amid rising mining costs, project delays and asset writedowns.

Sokalsky, who took over as chief executive of the Toronto-based company 11 months ago, is reviewing growth plans and pursuing asset sales as gold trades at a two-year low and is poised to end a rally that has extended for 12 straight years.

Barrick, the owner or part owner of 27 mines, rose 4.3 percent yesterday to C$19.88 in Toronto.

The company closed at a two-decade low on April 17, losing its position as the top gold miner by market value to Vancouver-based Goldcorp Inc last month.

It makes sense for Barrick to shrink, said George Topping, an analyst at Stifel Nicolaus in Toronto.

Selling the company’s Australian assets would be “a good place to start,” he said.

Barrick is working with Bank of America Corp. and UBS AG on a possible sale of Australian mines, two people with knowledge of the matter said last month.

Resource Nationalism

“At the 8 million-ounce level, with 26 or so mines it’s very difficult to focus,” Topping said yesterday by phone.

“In order to have better managerial control you’re better off with fewer but much larger assets, preferably in the same north-south time zones.”

It’s easier to manage a company with fewer assets, said Sokalsky, 55.

The location of mines has also taken on a greater importance because of an increase in so-called resource nationalism, in which governments seek a bigger slice of revenue.

After a dispute with the Dominican Republic, Toronto- based Barrick on May 8 agreed to amend a lease governing the Pueblo Viejo mine in the country.



The conclusions:

• BG had the pressure on after loosing Pascua lama (Chile Argentina)

• BG lost the mines of Tanzania and China last years

• BG is going to fire sell the Australian mine

• The importance of Pueblo Viejo mine is HUMONGOUS for BG assets

• The rules of the game for pollution had changed for good in affected countries

• These news have affected the price of Barrick Gold stock (ABX) , therefor , their market capitalization.ABX is experimenting a bear market right now.

• They haven't release any statement about the future of the 600 families affected by BG contamination.

• They haven't release any statement about any reforestation program and water treatment program for Cotui-Pueblo Viejo

Event though a lot of people are happy with the financial agreement with BG, some of the inner needs of a lot of Dominicans haven't been fulfill yet like  health, employment,heavy pollution,evictions, housing, water, etc, etc.
People is still waiting..
 

The dark business of Barrick Gold





I was reading the news about the new agreement with Barrick Gold and the government., and I could tell that a lot of people were already celebrating the great achivement but certain things cached my attention.

• In the last interview with the 400 intoxicated Peruvian miners, they were complaining that BG took their passports and documents..Why is that?
  They are forced to work, no option whatsoever outside of BG, they are violating Dominican immigration laws because so far, none of them have working papers by the Dominican state, as some Haitian does.
  No employment for dominicans whatsoever in one of the areas of DR with the highest unemployment rate !!

Of course, if they don't like their job no more, they are not cover by Dominican law or any labor department.No money whatsoever..

• How come that Barrick Gold have the power for the eviction of 600 families of Cotui? isn't the government the first one that were supposed to protect them?

• With the last contract , people is very happy but they haven't stop thinking about the island in 25 years.
  The waters and land of the Cibao is already very contaminated, the heart of agriculture in the Caribbean..And it's only the first year! .
  Does it worth it? How come BG never reimburse them?

All Dominicans will be eventually a victim of that dark contamination: rich, middle class , poor as well.
They are going to leave over here a pool of cyanide, a simple Chernobyl of the Caribbean.

People will struggle over here for surviving!

Every penny we ever build in tourism or agriculture will be lost !




This is why not even reforestation can work:

• When you cut a tree for wood purpose , you still have land for the next tree.

• When you cut a tree for open  mining you use explosive to remove the vegetable lawyer of soil , living only caliche behind ( nothing can grow up out of there)

• They already use the water for cleaning their cyanide and mercury ..not for water thousand of acres of land..And that water can not be used for ANYTHING either

No water, no soil, no reforestation capacity, no will..NO WAY








 


In other countries , like Colombia, mining companies before they start operations, they have to pass an auditing for environmental impact by the government.And a third private party auditing the mining companies and the government as well.!
I 've never heard anything like that in the last speech of BG or the government

The level of contamination in our country is already very high.And when the water is over , the amount of money offered by Barrick Gold will be worthless.People is going to be fighting them for their right to live !.

If people think it twice about these topics that I mention before, they wouldn't be so happy celebrating.
If people think it twice , they would realize that Barrick Gold so far has only bring destruction , evictions, illness, contamination and misery to dominicans

So you, as a conscious dominican..What are you going to do now?

The new dark deal between Barrick Gold and the Dominican state

Pact: Dominican Republic gets 51%; Barrick Gold Corp. 49%
 Pact means US$1.5 billion more for the country 

 
 Meet the new pirates of 21st century!

"CEO: We’re here to stay, unless we’re expelled"
 

Santo Domingo.- After months of talks, protests and proposals, Dominican Republic and Barrick Gold Corp. on Wednesday reached a new agreement on the contract for the mine at Pueblo Viejo, Cotuí (northeast).

In a press conference after a meeting of several hours between senior officials and Barrick Gold executives in the National Palace, the government announced the pact to amend the contract, to be submitted to Congress as soon as possible.

"The objective of this review was to achieve a more balanced agreement for both parties and more in line with the Dominican reality, so we will sign a memorandum of understanding between the parties," said Presidency chief of staff Gustavo Montalvo.

Among other points, the agreement will raise Government revenue by more than US$1.5 billion over the project's duration, in addition to the US$10.0 billion projected in March 2013, and raises the profit split from 37.1% to 51.3 % for the country, and lowers Barrick’s from 62.9% to 48.7%
According to the document read by Montalvo, the projected tax revenue is US$11.6 billion, of which Pueblo Viejo will provide US$2.2 billion during the 2013-2016 period, subject to a gold price of US$1,600 per ounce. "The parties agreed to eliminate the 10% internal rate of return for the tax on the stake of net income to take effect."

The agreement eliminates Barrick’s privilege of starting payments to the State when the investment of capital is completed, for which tax payment tax would be immediate.
With the provisions, it will now take the Canadian miner until 2026 to recover its investment, and not bu 2016 as was stipulated.

Barrick Gold Pueblo Viejo CEO
 
For Barrick Gold Pueblo Viejo CEO Manuel Rocha the agreement is evidence of the miner’s commitment with Dominican Republic, from where he affirms will leave only if expelled. “We believe in the Dominican Republic ,we believe the democratically elected government here, what’s needed now is that we both do our part, it’s clear that Barrick Gold didn’t come just for a bit, we came to stay. We will work to stay unless we are expelled.”

 ________________________________________________________________________




Let's do some quick math here
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
__________________________

Silver: U$25.- per oz

US25 x 35.27 oz x 24, 357 kilos=
U$21,476,784

___________________
Total taken by Barrick gold till now :
U$531 Millions in 6 moth of operations

Based on previous numbers: Forecast a year of BG; U$1,062 millions


So, according to 7dias.com.do the dominican state will get U$11,600 millions for the life of that mine for 25 years .
U$11,600 / U$1062: : 10 years to achieve that goal for Dominicans.. the other 15 years are Barrick Gold 's time.
So the deal is not 49 %-51% as they initially said before.

The other open questions are these..

• -What happens with the retroactive payment?Is there going to be any as Danilo promised?

• -When is going to be the first payment and for how much?

• -Any serious reforestation plans for the future?

• -Are they going to pay the fines for smuggling dore?

• -When are they going to pay the millions they already owe to Dominican state? Arent they?

• Are they going to have a water treatment facility to clean the cyanide and mercury?Do they talk about it?

• What about any plans for clean water and sanitation for the community, the second poorest one in DR??

•  Three years ago , people used to have their own water, now they dont have water or  river because it's so polluted, so they are allow to take only 2 gallons of water per family from a water truck, because BG is using their water for the mercury and cyanide  procedure.

• What can expect the people from Cotui in the next 25 years? Eviction of everybody?

• How are they going to clean their toxic mess in Hatillo dam, and the rivers of Cotui?

• -Are they going to provide employment for Dominicans? To have 97% of foreign crew is against dominicanl law..Right?

-How are they going to measure the already taken dore from DR? What is the procedure to put a value on the millions already taken away..? Or the one is going to be taken away in the future? Or our gold don't have a value no more?

I have to agree that there is a big improvement over the last contract,and some people are super optimist, but not everything is clear.
Again.. Now we have more questions than answers..

Barrick says they don't know the reason for their shipment retention

RE: Say no to Barrick Gold pirates

06 de mayo del 2013
Barrick says they don't know the reason for their shipment retention
Barrick Gold dice desconocer razones de retención de nuevo embarque
ww.7dias.com.doSanto Domingo06 de mayo del 2013







En un comunicado emitido este lunes, la empresa desmiente que el retraso en el embarque obedezca a la detección de irregularidades en los documentos de declaración que deben ser llenados.

“Toda la documentación de los embarques realizados a la fecha ha sido inspeccionada y aprobada por la propia DGA. Cada vez que la DGA nos ha comunicado algún cambio en cuanto a los trámites de exportaciones, hemos procedido a acogerlos. En dos de los embarques tuvimos inconvenientes debido a limitaciones del propio sistema SIGA de la DGA”, apunta Barrick Gold.

Insiste en que, hasta ahora, no ha sido notificada por la Colecturía de la DGA en el Aeropuerto Internacional de las Américas de que hubiera error o irregularidad en la declaración, por lo que ignora las razones de la medida de las autoridades.

En algunos círculos se comenta que con este tipo de medidas el gobierno del presidente Danilo Medina ejerce presión para lograr la revisión del contrato.


In some circles, people comment that these are measures by the goverment of the president to force a long waited revision  of the contract -scam


“Reiteramos que en todos los aspectos de nuestras operaciones, perseguimos el cumplimiento a cabalidad de todas las leyes y normas establecidas por la autoridades nacionales por lo que esperamos que se normalicen los trámites para poder proseguir con la exportación como se ha hecho con los 27 embarques anteriores, todos debidamente autorizados por la DGA”, concluye la minera.

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.

Esta misma mañana, autoridades aduaneras informaron que procederían a tomar nuevas muestras del retenido embarque número 28 de oro y plata para comprobar la correspondencia entre lo embarcado y lo declarado.

The information was provided  at Las Americas, from where a detailed report was sent to president Danilo Medina , 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.
______________________________________________________________________________

Poor Barrick Gold, so naive and innocent..Maybe if some employee would ever read a dominican newspaper and see what EVERYBODY in DR is thinking about them ,
-about smuggling gold in front of the authorities

-the eviction to hundred of families,

-the disrespect to the Dominican president


-the TOTAL IMPUNITY while breaking dozens of dominican laws

-the problems with the government,

-scams ,

-the arrogance with the press, the government and the Dominican people,

-illegal dams constructions,

-why they were expelled from Chile last month,

- illness and cyanide pollution in a bunch of rivers of Cibao valley,

-how they bring misery to the communities that they touch,

-and most of all, how Barrick Gold get the pinnacle of infamy ,They would get an answer..
But of course..Barrick Gold didnt know anything about it !

"Poor Barrick Gold.. Such naive and innocent` " !

After 500 years , the gold exploitation continues at ANY cost..!

 Please visit our latest video.Click here:

No to Barrick Gold

Barrick gold final warning in Dominican Republic

 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.

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 

 

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!

Barrick Gold Encountering Problems with USA, Chile and Dominican Republic

 Barrick Gold Problems in the americas


In Reno Nevada, Barrick Gold failed to report that it released toxic chemicals including mercury, cyanide and lead.   The Dominican Republic asked for a review of a contract it had with the Canadian mining company that could threaten the government.
 The Chilean Story

A month prior to the Atacama Water Board in Chile was to request that Barrick Gold Mines Corporation should be fined for not fulfilling its promise to protect the glaciers within the borders of its bi-national Chile-Argentina project, called Pascua Lama, Barrick was fined in Reno, Nevada for releasing toxic chemical substances.

 Days after a Chilean court upheld the injunction rendering their multi-billion dollar investment indefinitely stalled, Barrick Gold executives said in a shareholders meeting in Toronto that they might abandon the Pascua-Lama project altogether.
 
 Three high-level executives from Barrick's South America branch resigned Thursday, further complicating the mining giant’s South American operations. The resignations include the company’s regional president, Guillermo Caló. Robert Mayne-Nicholls and Rodrigo Jiménez, the director of operations and the regional vice president, also announced their departures.

In the Canadian company’s annual report, Chairman Peter Munk lamented the unanticipated financial issues at the mine, though he prioritized its rebound.

“We suffered a significant delay and a major cost overrun at our flagship Pascua-Lama project on the border of Chile and Argentina,” Munk said in the report. “Since that fact surfaced — so unexpectedly — the main focus of our company, at every level, has been directed at ensuring that this project will meet its new cost and schedule estimate.”

A 48 percent decline in the company’s share price and disappointing gold prices have characterized a challenging year for Barrick, Reuters reported Wednesday.

 The court of appeals in Chile’s northern Copiapó Region granted an indigenous community’s request to suspend the mine’s operations April 10. Minera Nevada, S.P.A., the Barrick subsidiary operating Pascua-Lama, has deflected allegations of negligent environmental behavior for most of its decade-long existence on the border between Argentina and Chile.

 The American Story
According to the Huffington Post, the Environmental Protection Agency ordered three mines in northern Nevada to pay a total of $618,000 for failing to report this release of toxic chemicals, including cyanide, lead and mercury from 2005-08.

All three mines are subsidiaries of the Toronto-based Barrick Gold Corp. — Barrick Cortez Inc.'s Cortez Gold Mine near Crescent Valley, Barrick Gold US Inc.'s Ruby Hill Gold Mine near Eureka and Homestake Mining Co.'s Bald Mountain Gold Mine near the Ruby Lake National Wildlife Refuge, according to the Huffington Post.

The three agreed to pay a total of $278,000 in fines and spend an additional $340,000 on an environmentally beneficial project as part of a settlement for allegedly underestimating reports of their toxic release inventory required under the federal Emergency Planning and Community Right-to-Know Act, EPA officials said.
 

"Cyanide, lead and mercury used at these mines have the potential to pose a health threat," said Jared Blumenfeld, EPA's regional administrator for the Pacific Southwest Region, based in San Francisco.
"We insist on accurate reporting of chemical releases so that citizens have a clear idea of the risk from the facilities near their communities," said Blumenfeld.

The supplemental project will be conducted at the Cortez mine to identify the metal compounds formed in its oxide mill process and test methods to verify the quantities of new chemical compounds manufactured during the process.

The companies also agreed to perform audits at all other U.S. mining operations Barrick owns in Nevada and Montana and to determine if any reporting violations occurred and if so pay a $10,000 penalty per violation up to a total of $250,000
"Nonetheless, to achieve regulatory certainty regarding its TRI obligations, Barrick has agreed to enter into a settlement agreement with the EPA," said Louis Schack, director of communications for Barrick Gold of North America, based in Salt Lake City, Utah.


"Crumbs for your gold, the dominican story”
Meanwhile, in the Dominican Republic, independent deputy Carlos Gabriel García commented on Barrick Gold’s Manuel Rocha’s insistence that the government must comply with its agreement with Barrick. Gabriel García referred to this as “challenging” the national interest.


According to the Dominican portal, El Nacional, Deputy García believes that Rocha aims to silence the domestic sectors that have spoken out in favor of revising the agreement with Barrick, in which the Dominican government “will receive crumbs in exchange for its gold.”

 

He said it seems that Rocha is unaware that the company Place Dome was the one that won the bid to explore for gold and that the agreement signed back in 2002 was beneficial to the Dominican government.
The author of the draft resolution of the Chamber of Deputies that asks the government for a revision of the agreement with Barrick, believes that “this agreement cannot be above the interests of the country.”

Rocha, Barrick Gold representative in the DR, defended the 2009 gold exploration agreement with the government. “Since the beginning, we have been very clear that this contract was negotiated in a process that went on for nearly 2 years, between the government and the company along with an expert brought in from Europe, France specifically, and from the Inter-American Development Bank,” he said.
But in fact that gold exploration agreement is a big scam , with so many picky details that dominicans will never see a dime out of the mine, and the dominicans see themselves in the eyes of Chile, where Barrick Gold spend  16 years exploiting a Chilean mines, and Barrick Gold NEVER pay a dime out of it.

The Chamber of Deputies decided that three commissions will present a report on the agreement with Barrick Gold. Mateo Aquino Febrillet, Rector of the Autonomous University of Santo Domingo (UASD), is one of the illustrious Dominicans who also supports the revision of the agreement.

 In the Dominican Republic, meanwhile, the soaring price of gold has the government wanting more from the Pueblo Viejo mine, which has 20 million ounces of gold reserves as well as silver, copper and zinc.

Barrick owns 60 percent of the venture and Goldcorp Inc. of Vancouver, British Columbia, owns 40 percent. The companies reopened the mine last year after investing nearly $4 billion, the largest direct foreign investment ever in the Dominican Republic, and have estimated it will eventually pay about $7 billion to the government.

But President Danilo Medina and Congress have yet to see any money. They want to rewrite the 25-year contract, which promises royalties only after the two Canadian companies recoup their investment and the venture's profits rise above 10 percent.

Barrick's executives "have to change their attitude, because if they don't, the president has told them: 'Either you negotiate or more taxes will be imposed,'" said Ramon Peralta, Medina's administrative minister.


 President Danilo Medina’s "prudent deadline" issued to Barrick Gold Corp to renegotiate the gold mining contract expires today and has the population on edge awaiting the outcome of the standoff between the government and the Canada-based company which operates the facility at Pueblo Viejo (central), El Caribe reports.


It said Medina is expected to refer to the topic this week before leaving for the summit in Costa Rica.
The chief executive is expected to announce the result of the talks before month’s end, according to Presidency Administrative minister José Ramón Peralta.

Medina’s deadline to Barrick Gold formed part of his speech to Congress on February 27, and has since been accompanied by the retention of several shipments of ore at Customs, on violations including the miner’s mistaken ship manifest of the precious metal’s country-of-origin ( smuggling).

 In country after country, the world's biggest miners are facing new environmental standards, confronting changing tax and currency laws and defending long-term contracts they thought were written in stone.
 

Barrick gold only provides misery  and toxic  pollution to the communities were they go.They use tons of cyanide and mercury  in their operations for gold extraction, regardless of poor peasants, crops, river and cattle in  the exploited areas.

The situation now is just unbearable for the affected communities..And there are a lot of riots every week  in different part of Dominican republic because of that.

They have a long history of scams, heavy pollution, illness, bribery and heavy metal contamination.

In a small island like Dominican Republic the consequences are simply lethal... 
They are just destroying the island, were no other kind of human, vegetable or animal kind of life can surface out of there in any circumstances...

Say no to Barrick Gold TODAY !

Government and Barrick without accord after 20 plus meetings

Government and Barrick without accord after 20 plus meetings

The negotiations between the parties entered an "accelerated process"

SANTO DOMINGO. In spite of having held more than 20 meetings between the government and the Barrick Gold mining company after the call for negotiations made by President Danilo Medina last 27 February, there is still no set date for finalizing the conversations between the parties.

These have been extended due to the company that operates the Pueblo Viejo mine, located in Cotui, Sanchez Ramirez, saying that they are operating under a contract approved by the National Contract, according to a report from a source at the Presidential Palace.

Over the last few weeks, the negotiations have entered an "accelerated process," in which Dominican officials and mining executives from the company are taking part. In some of the meetings representatives of the Canadian government have taken part.

In the talks, there are also mining technicians from the Dominican government, contracted for these talks, who in addition are working on everything related to the volume and amount of gold and silver that is extracted and exported by Barrick.

The source said that the government is keeping up permanent talks with the Canadian company, where their greatest interest will be to benefit the country.

Barrick's position

Last Wednesday, the president and chief executive of Barrick Gold, Jamie Sokalsky, revealed that the company was holding on-going talks with the authorities of the Dominican Republic regarding the mine at Pueblo Viejo.

The executive reported, likewise, through a press communiqué, that the net profits of Bardick, the world's largest gold producer, reached US$847 million, a decrease of 18.5% during the first quarter of this year in relation to the same period last year. Barrick said that their share of 60% of Pueblo Viejo provided 96,000 ounces of gold during the quarter.

The government has requested according to the Canadian company, "accelerate and increase in a significant manner their quota of earning from Pueblo Viejo," a joint operation between Barrick and another Canadian mining concern, Goldcorp.

Government's position

In his speech before the joint session of the National Congress, Danilo Medina said that under the fiscal scheme established in the contract for the exploitation of the mine, with an average price of US$1700 and ounce for gold and US$28.00 for silver, Barrick would obtain net income after operating costs for US$2.6 billion in the first two years of production, which would allow the company to recover in this time frame the total investment in the country.

And there he added that of the US$753 million from income for exports, the country would receive US$56 million.

Pueblo Viejo has huge reserves

As of 31 December 2012, Pueblo Viejo had proven and probably gold reserves of 15 million ounces, and a useful life of 25 years. It is estimated that this reserve is one of the largest in the world. With the exploitation of the gold mine, Barrick Gold is administering in Dominican territory one of the businesses where the company is betting to improve its earnings, given the decrease in its earning in 2012. The company has reported a net loss of US$3.06 billion (US$3.06 per share) in the fourth quarter of last year.

Barrick Gold have made in the past a scam bribery with Dominicans politicians .That contract is so picky  with so many small details that there is no way that dominicans will ever see a dime out of that contract.

 

The result is that now in the middle of the island we have a company that haven't pay a dime yet and is heavily exploiting a big part of territory  , and now want to convert it into a pool of cyanide and mercury.

 

 Margajita river, heavily contaminated by Barrick Gold

There is a heavy pollution as well.In that area you will NEVER see a plant or a tree grow never EVER again.

Now residents in the communities are crying with desperation because of the illness, the peasants for the dead crops and cattle and the people for their health. 

 

People start moving and there are riots almost every week against Barrick Gold ..

Economist Jaime Aristy Escuder Saturday accused the mining company Barrick Gold in exaggerating the cost of its investment in the country, in order to extend the time you have to start pay the state the profits.

Escuder further stated that while Barrick installation monies allegedly spent on the Pueblo Viejo, Cotuí mine, more monies will be needed, as the contract states that until the company recovers the initial investment, the Dominican state resources will not be paid, in respect of the exploitation.

They have being cough smuggling gold as well in AILA international airport..

 

That is a scam, after scam , after scam.. 

The plan is very simple: Not to pay a dime to Dominicans , in the same way that Barrick did in Chile for 16 years, and pour tons of  cyanide regardless of the life of 10 millions of Dominicans...

Usually, the aftermath is a total devastation.

 

We need the help of the international community..

We need to say united: SAY NO TO BARRICK GOLD!

Click here to see more information

Barrick’s environmental foes jump on wobbly miner

RE: Say no to Barrick Gold pirates

Barrick’s environmental foes jump on wobbly miner

by MARTIN MITTELSTAEDT , Globe and Mail
http://www.dominicantoday.com/dr/forum/living-in-the-dr/general-info/52340/Say-no-to-Barrick-Gold-pirates
April 25th, 2013




The shares of embattled miner Barrick Gold Corp. are continuing their upward bounce after plunging to 20 year lows earlier this month, a move higher driven by a continuing recovery in the bullion price.


The world’s largest gold producer is adding another 2.3 per cent or 44 cents to $19.82 a share in Thursday trading, a good move from the recent low of $17.98. The rise should certainly should cheer up shell-shocked shareholders who’ve been watching their investment get pummelled by self-inflicted wounds through ill-timed acquisitions and cost over runs on major projects.

The long term outlook for Barrick shares hinges on many factors: the gold price is obviously the biggest driver, but the company also faces vociferous opposition from environmentalists and many residents around its mine sites, which should be a long term worry for shareholders.

Given that it’s the largest company in the business, with 25 mines in 10 countries, it isn’t totally surprising that Barrick would be a magnet for protesters. Mining can be a hugely disruptive businesses. Open-pit mines are massive undertakings, as is the management of the vast quantities of waste rock left over after ores are processed.

The main hubbub at Wednesday’s annual meeting dealt with the controversial $11.9-million signing bonus for co-chairman John Thornton, so investors may have missed another report timed for release during the meeting from Barrick’s environmental foes.

The report is 30 pages of footnoted attacks on Barrick for weak environmental practices and human rights abuses around its mines. The report accuses the company of “ignoring the warning signs of numerous conflicts across the globe.”


Investors shouldn’t stay tuned to this issue because it’s unlikely to go away any time soon.

For its part, Barrick released a statement dissing the report: “The report lacks credibility ... responsible mining is an absolute priority for Barrick and is central to how we run our business, reflected by the fact that we have been ranked as a leader in social and environmental responsibility for five consecutive years by the Dow Jones Sustainability Index. Our operations are a catalyst for economic development and create meaningful, long-term benefits for the communities in which we operate.”

But some recent signs of how much the company is chafing under environmental criticisms came from founder Peter Munk at the annual meeting.

Barrick Gold Corp. chairman Peter Munk arrives at the Metro Toronto Convention Centre on Wednesday, April 24, 2013, for his company’s annual general meeting. Behind to his right, Barrick board member and former prime minister Brian Mulroney.



“There are now libraries – libraries – full of reports. One report after another of every little aspect of air quality ... road conditions, dust conditions in building a mine. And each and every one of those can be changed, and every time they get changed, they get changed for the worse,” he complained.

According to Mr. Munk governments aren’t helping either, because they’re listening to non-governmental organizations. “What’s happening is that this enormously altered public perception of environmental concern – NGOs, human rights, water quality, air quality, etc. etc. etc. – becomes put one on top of the other, and how do governments react? They impose more regulations.”


Mr. Munk speaks to shareholders about Barrick’s troubled Pascua-Lama mine in Chile and Argentina. Work on the Chilean part of the mine was halted by court order over allegations of polluted groundwater.


If they can give the chairman $11.9 million bonus, how come that Barrick Gold have NEVER pay a dime to Dominican Republic for a free gold mine?

• 
  

If they stoped Barrick Gold in Chile and Argentina, how come we can not do the same in Dominican Republic?

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How come they keep contaminating , working, smuggling gold, with such impunity in DR?