Veneno de Barrick Gold

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.

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 Gold, Dominican Government poised for showdown


\

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 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.

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’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?

• 
  

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

Every single day this company say or does something nasty nationwide or worldwide..
It could be heavy pollution, fraud, scam,ripoff, illness,fines,misery, evictions, cyanide,breaking the law, etc, etc, you name it..

There is only negativism and bad news from them..over , and over, and over..
And the worst of all,  is the impunity that they get..

It feels like a bad new karma over dominican people..

Why they just simply go home?

Inside story: the Bush gang and Barrick Gold Corporation

The real history of Barrick Gold


by Anton Chaitkin

Barrick Gold, caught scrambling for loot amid the corpses in Zaire, is a corporate front for the George Bush-allied covert political apparatus. The Canada-based Barrick is Bush's only known current business enterprise. The company, which Bush now personally leads, was created by Bush's political partners--British elite narcotics financiers, and arms traffickers and money launderers.
Using the influence of this political faction, Barrick acquired important interests, first in the United States, then in Canada and South America. In South America, as Barrick boasts in its 1995 annual report, the company has an aggressive, long-term approach, with mines and projects established in strategic locations in Argentina, Chile, Peru, Bolivia, and Brazil. ``Almost two-thirds of the exploration and development drilling budget will be spent in South America, where the company has decided to focus its efforts,'' the annual report states. In addition, with its intended conquests in Indonesia and Africa, the firm now says it aims to move from third to first among the world's largest gold mining companies.
We present here the results of {EIR'}s investigation of the Bush company, centering on the following principal figures:

George Herbert Walker Bush:
whose father was a partner in the powerful London-controlled private banking firm Brown Brothers Harriman. Relevant to the Barrick story, Bush was U.S. vice president and chief of covert operations in the Reagan-Bush (1981-89) administration, and U.S. President (1989-93). As a former President and power broker, Bush is Barrick Gold Corp.'s chief lobbyist, a stockholder in Barrick, and honorary senior adviser to Barrick's international advisory board.


Adnan Khashoggi:
a Bush-allied Saudi billionaire and arms trafficker, founder of the Barrick Gold Corp.; famous for his illegal weapons sales to Iran.


Peter Munk:
a business failure who became a protege of the British royal family, and Khashoggi's partner. Munk is chairman of Barrick Gold Corp.

Brian Mulroney:
Canadian prime minister (1984-93) and George Bush's errand boy; Barrick Gold lobbyist and director, Bush's lieutenant on the Barrick international advisory board.

Barrick Gold was founded in Toronto, Canada, in 1983. The majority investment in the firm was held by Khashoggi and his arms-trafficking partners, who were just then gearing up the Iran-Israel-Nicaragua guns and cocaine tangle which would explode in 1986 as the ``Iran-Contra'' scandal.



The nominal chief of Barrick Gold was Peter Munk, a Hungarian Jewish immigrant who had repeatedly ``died'' as a businessman, only to be repeatedly revived by princes and principalities. This much of Munk's story is before the public in a biography that was written and published with Munk's support, entitled {Peter Munk: The Making of a Modern Tycoon,} by Donald Rumball (Toronto: Stoddart Publishing Co., 1996). It vaguely describes Munk's public disgrace, his self-exile in London, and his sudden rise to near-billionaire status, ending with Munk's invitation to George Bush became honorary senior adviser to the board, created in May 1995.

- The Clairtone heist -
Peter Munk first became notorious in Canada in the late 1960s, as the beneficiary in an insider trading scandal. Munk and a partner named David Gilmour owned an audio equipment manufacturing company that had been heavily subsidized by the province of Nova Scotia. Munk and Gilmour quietly dumped 29,000 shares of Clairtone stock in 1967, just before publication of the company's financial report tipped off other investors that the company was failing. After Munk sold at $9 per share, the stock plunged to $1.
Dr. Morton Shulman, a member of the legislative assembly of the province of Ontario, asked government representatives if Munk would escape with his money and no legal consequences (see Ontario Legislative Library record of Ontario provincial parliamentary debate on June 3, 1969).
Ontario Minister of Financial and Commercial Affairs H.L. Rowntree responded that a court had been requested to order the Ontario Securities Commission ``to commence an action in connection with [Munk's] Clairtone Sound Company ... for an action in the name of the company for the accounting of profits allegedly made by him by reason of the improper use of inside information.''

Khashoggi, Barrick, and the ayatollahs -
In 1974, Munk signed an investment partnership agreement with arms-trafficking billionaire Adnan Khashoggi of Saudi Arabia. According to Munk's approved biography, the new alliance was cemented when Munk and Khashoggi were summoned to the London headquarters of Peninsular and Orient. P&O's hereditary boss was Lord Inchcape, whose predecessor in the 1920s (also Lord Inchcape) had directed Britain's India Commission to continue the Empire's opium production.

Khashoggi used the Monte Carlo office of the Bank of Credit and Commerce International to launder money for Iran arms sales. Barrick Gold Corp. co-founder Kamal Adham was later prosecuted for fraud in the BCCI case, and paid a $100 million fine



As the U.S. Congress took up the arms-for-drugs investigation and other trails leading to Vice President Bush, Khashoggi became too hot for the Canadian partnership, and the Khashoggi group's shares were officially sold off. Khashoggi was himself arrested in 1989, in a fraud case involving the Philippines' Marcos regime. Taken from Switzerland and jailed in New York, Khashoggi was bailed out with a $4 million check from his partner, Peter Munk
.
In 1983, the Khashoggi-led group formed the gold company whose name was soon changed to Barrick Gold Corp. Sheik Kamal Adham was reportedly one of the new company's founding co-owners. Adham, the chief of Saudi intelligence, had coordinated royalist guerrillas in Yemen, with British arms secretly provided through Khashoggi.

Beginning in 1985, Khashoggi borrowed $21 million, using his Barrick stock as collateral, for the covert transfer of arms to Iran for the Bush-North group, during an official U.S. arms embargo against the Khomeini regime. Khashoggi made Donald Fraser, the Toronto-based businessman who allegedly provided the loan from his Cayman Islands company, president of Khashoggi's Triad American holding company.


- Bush cashes his gold chips -
In 1986-87, at the height of the Iran-Contra controversy, the Barrick Gold Corp. acquired the Goldstrike property in Nevada for $63 million. The land, proving to hold $10 billion in gold, was the property of the U.S. government. Bush was elected President in 1988, and his administration put through a special dispensation--applied only to the Barrick Gold Corp.--to speed up the normal procedures for a mining company to take official title (``patent'') to the land.
With the Bush Goldstrike intervention, Barrick Gold shot up from insignificance, to world power status, and Bush himself climbed onboard.

In 1994, Mulroney's phone calls to the Presidents of Chile and Argentina, and the prime minister of China, helped Barrick move into gold mines in those nations. His ``advice'' was rewarded with $1.2 million in stock options and $300,000 in fees. Rev. Sun Myung Moon rewarded Mulroney and Bush for their vouching for him in Ibero-America in November 1996. Mulroney, a board member of Archer Daniels Midland, ran ADM's internal ``investigation'' of its price-fixing scandal.

Rev. Sun Myung Moon was a Korean religious leader best known as the founder of the Unification Church and for his claim that he was a messiah.[1] He was also known as a media mogul and an anti-communist activist. By the time of his death, the Unification Church's affiliated organizations had become a multi-billion-dollar empire



etc, etc...
dont forget about Gustavo Cisnero,a Venezuelan media mogul . He is among the world's richest men according to Forbes magazine, which estimated his fortune at $4.2 billion in 2010. The New York Times calls Cisneros, "one of Latin America’s most powerful figures"who tried a coup-d'etat against the president Chavez is part of the Barrick organization as well .

click here http://www.barrick.com/investors/news/news-details/2003/BarrickAppointsGustavoCisnerostoBoardofDirectors1020031037230/default.aspx



Estos son los personajes tenebrosos duenos de la Barrick Gold. Para muestras un boton.
Los politicos nuestros ignorantes tienen que pelear contra ellos.

Usted siendo inteligente, saque sus propias conclusiones..