Previous Next Close Gallery
Pueblo Viejo mine, Cotui.
Picture 1 of 2
Previous Next Zoom Picture

SANTO DOMINGO. - Barrick Gold Corporation yesterday announced it will invest more than US$3 billions in several mining projects in the country, due to its confidence and stability they said exists in Dominican Republic.

A delegation of Barrick Gold headed by its CEO Aaron W. Regent visited president Leonel Fernandez in the National Palace, to provide information and details of its projects in the gold mines at Pueblo Viejo, Sanchez Ramirez province (northeast).

Also present in the meeting were the Venezuelan mogul Gustavo Cisneros, the Dominican Manuel Alejandro Grullón, president  the bank group Popular, Felix Garcia, president of the group Caribe, former United States ambassador Hans H. Hertell and the lawyer Luis Rafael Pellerano, of the law firm Pellerano & Herrera.

It was reported that the visit was to present to the chief executive the new CEO of Barrick Gold Corporation, which has Latin America’s biggest gold processing operation.

Barrick Gold has also been hiring midlevel management personnel for its Santo Domingo offices located in the Acropolis tower.

Share / Recommend this article: FacebookFacebook Digg thisDigg this del.icio.usdel.icio.us TechnoratiTechnorati YahooYahoo Facebook
COMMENTS
21 comment(s)
Written by: josean, 10 Feb 2009 7:47 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Bs!
Written by: gouletcolonial This user is banned, 10 Feb 2009 7:48 AM
From: Cuba, it is a secret the censors are looking for me
this has more to do with the stability of the gold market.than confidence in the DR......".Barrick Gold Corporation yesterday announced it will invest more than US$3 billions in several mining projects in the country, due to its confidence and stability they said exists in Dominican Republic."
Written by: gouletcolonial This user is banned, 10 Feb 2009 7:52 AM
From: Cuba, it is a secret the censors are looking for me
yes this is happening it is one of the bright spots....we are not talking ethanol here we are talking gold and gold spends well in recessionary times ....Tex tell the whiners and complainers how it is on this project...... your first hand knowledge will put a little sunshine in an otherwise morose day
Written by: gouletcolonial This user is banned, 10 Feb 2009 7:59 AM
From: Cuba, it is a secret the censors are looking for me
Our new environmental chief and future president will be in the thick of this .....for good or bad ....he will be in the middle of it....let us hope he does not screw us
Written by: josean, 10 Feb 2009 8:13 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
A Love Canal in the making!
Written by: gouletcolonial This user is banned, 10 Feb 2009 8:18 AM
From: Cuba, it is a secret the censors are looking for me
whine whine whine
Written by: josean, 10 Feb 2009 8:45 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
The foreigners got the BAT SIGNAL; ST. JAMES is for sale and The Ministry of CHIA-PETS is open for "business!"
Written by: josean, 10 Feb 2009 8:56 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
And now for some real news!

While the PLD and Lie-onel Fernandez raise their salaries to ASTRONOMICAL LEVELS, and spend 700, 000,000 dollars on a non priority METRO, the masses of youth can go to hell!

Source DR1

Youth feel it most

The youth unemployment rate is double the national unemployment rate in the DR. According to International Labor Organization (ILO), 30% of 15 to 24 year olds in the DR are unemployed compared to 15.6% for all age groups. While 45% of Latin America's unemployed are located in the DR, Panama and Central America, the DR alone has one of the highest youth and overall unemployment rates. According to statistics by the Ministry of Labor (SET), high rates of unemployment are not only due to economic problems. Many do not find jobs because they have dropped out of school, lack work experience, technical skills and sometimes do not know where to start to look for jobs.

"Eh Pa' Lante Que Vamaos" Into The Abyss!
Written by: gouletcolonial This user is banned, 10 Feb 2009 9:30 AM
From: Cuba, it is a secret the censors are looking for me
" On the bright side, Barrick WILL NOT pollute the area as they are a major international player and did not get that way by abusing local economies "...........Thanks Tex for that little bit of sunshine ....the Good News is it is not a scam they are for real and they are reputable .......the Bad News is they they did not use Dominican resources when they could have .....The Bad News is what the sloganeering whiner and complainer should be talking about and not throwing the baby out with the bathwater as usual
Written by: underpar, 10 Feb 2009 12:15 PM
From: Dominican Republic
Josean,Is there anything you like in life?
The US,UK,CAN,GER and many more are spending so shut up about the Metro its over.
Folks are visiting and things around La Romana have slowed but it could be worse.
Barrick is a bit of good news for once! I am sure they will need workers from the DR.
Written by: CarlosFranco, 10 Feb 2009 12:38 PM
From: United States, Brooklyn

Why is the former US embassador in this deal???

Written by: gouletcolonial This user is banned, 10 Feb 2009 12:42 PM
From: Cuba, it is a secret the censors are looking for me
he wanted a teensy weensy piece of the action .......it is a 3 billion dollar deal.....,Gustavo Cisneros needed some walking around money
Written by: generoso, 10 Feb 2009 2:42 PM
From: Dominican Republic, "Good fences, make good neighbors"
Carlos & GC
The former US ambassador was a lawyer and lobbyist before he was named ambassador for Republican interests and some very visible Puerto Rican companies. During his tenure as PR, sorry, US ambassador to DR he remained the same, and now he is doing the thing he knows best.
Regarding Barrick Mining I just want to know what environmental provisions are going to be put in place to protect our country from the pollution and poisons generated from the sulphur mining. I have heard not very good reports about this type of mining and that it was brought disaster and havoc to the environment in Germany and other places where this process has been conducted.
Will someone enlighten me please?
Written by: josean, 10 Feb 2009 7:54 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"Regarding Barrick Mining I just want to know what environmental provisions are going to be put in place to protect our country from the pollution and poisons generated from the sulphur mining."

Professor,

You got to be joking right?
Written by: glomarexplorer, 10 Feb 2009 9:15 PM
From: United States, Fresh Water Paradise-NY Finger Lakes
The correct oversights need to be in place, for we certainly don't want beautiful Quisqeya turned into a chemical dump like Route 22 in Jersey, or worse a cesspool.......or worse yet, a "Love Canal". I've seen some pretty bad sulphur mining practice in the far East, with many workers dying very young. Perhaps we should contract outside consultants from Europe [they might just be a tad more trustworthy!] to help us, since we lack know-how. Our own gov't officials must stay away, as their primary objective would be strictly skimming money for their personal enrichment.

Other than a few jobs and some taxes, being that the mined gold is part of the national patrimony, what does DR and the people get out of this? Do we get a percentage of the take? Where does the money go? Does it go to better schools, medical facilities and care and infrastructure improvements in affected region? If these issues are appropriately addressed, then this all good.


Written by: generoso, 10 Feb 2009 9:27 PM
From: Dominican Republic, "Good fences, make good neighbors"
josean
No josean I am not joking.
St James will protect us, he has his cup out already waiting for sanctuary.

http://www.youtube.com/watch?v=a7oGGP0BWYE&feature=related
Written by: Canuck_1, 11 Feb 2009 1:04 PM
From: Canada
One of the things that should be mentioned -

Barrick has spent a substantial amount of money cleaning up the mess left by the Dominican government at Rosario Dominicana...

Calling into question their environmental program and their corporate responsibility to the environment makes me shake my head a little...

In addition - I think it would be a worthwhile exercise to look at the amount of money that Barrick is spending to bring a lot of the infrastructure (much needed infrastructure) into the Maimon / Cotui - Monsenor Nouell province that would not have been provided for by the current government.

If you look at the balance of the Barrick Projects around the world - I think you will see a history and plan for environmental reclaimation as well as a really strong social comittment to the people in and around their projects.

Written by: generoso, 11 Feb 2009 1:20 PM
From: Dominican Republic, "Good fences, make good neighbors"
Canuck_1
Could you please elaborate a little more to enlighten us dummies about the dangers of sulphur mining or how Barick will protect the environment with their systems?
I am not being facetious. I just want to know more since I have failed to google more info.
Written by: gouletcolonial This user is banned, 11 Feb 2009 1:31 PM
From: Cuba, it is a secret the censors are looking for me
" The Nucker of the North " #1 probably works for Barrick Tex already ran this by us I repeat for him ...The mine site is an old government run site and Barrick has spent untold millions in cleaning up the previous operations. If you guys really want to be mad at this great "Dominican Project" you should ask yourselves the following-

Why are no Dominican Companies involved in major portions of the re-construction of the infrastructure.

Mine site buildings and temporary facilities- ICA Fluor, the Mexican Subsidiary of Fluor Daniels.

Why was a company out of Saudi selected to provide the man-camp and associated temporary buildings- Red Sea Housing.

Why is it that a French company is providing the foodservices and Janatorial to the camp-Sodexho

Written by: gouletcolonial This user is banned, 11 Feb 2009 1:36 PM
From: Cuba, it is a secret the censors are looking for me
You can not tell me that with all of the resorts and hotels in the DR there is not one company who could cook and clean up after the local folks ...
On the bright side, Barrick WILL NOT pollute the area as they are a major international player
Written by: abc200, 11 Feb 2009 10:35 PM
From: United Kingdom, Dominican Republic
People buying jewelry take care it is eco safe.
http://green.msn.com/Green-Living....-jewelry-eco-conscious/?GT1=45002
There should be a way to market real Dominican Republic eco-gold.
Like fair trade bananas.
S.
Post Your Comment | Not a member? Create your account | Lost your password?
Write your opinion here. Please keep your comment relevant to this article. Please note that any comments which contain offensive language or discriminatory expressions may be edited/removed.
You must log in to post a comment:
Username Password