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Santo Domingo.- Industry and Commerce minister Jose Ramon Fadul revealed that the company Barrick Gold plans to invest more than US$2 billion in the gold mine at Pueblo Viejo (northeast), which he said will create jobs and increase exports, in addition to the area’s social, ecological and health development.

He said the investment is an example of the country’s climate of confidence, which serves to motivate other international companies.

The official met with the Senate Hacienda Commission, which studies the amendment to the mining rights contract signed March 25, 2002, between the Dominican State, Rosario Dominicana, S.A. and Placer Dome Dominicana Corporation. Congress approved the original contract on August 26, 2002 and the amendment was submitted to the Senate last June 17.

Also in the meeting with Fadul were Mining director Octavio Lopez and Fernando Sanchez Albavera, CEO of Pueblo Viejo Dominicana Corporation.

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COMMENTS
5 comment(s)
Written by: RobertoJose, 3 Sep 2009 1:25 PM
From: United States, FREEPORT, Long Island.... (Look, beyond the words)
Next Leo is going to sell the Brooklvn Bridge that is located in Santiago
Written by: FredCDobbs This user is banned, 3 Sep 2009 1:57 PM
From: Dominican Republic, Parque Colon statue of Anacaona
oupala you have eaten to much poutine the Canucks are leaving good money here
Written by: HiHater, 3 Sep 2009 4:42 PM
From: United States, Brooklyn, NY
"will create jobs and increase exports, in addition to the area’s social, ecological and health development."

Yes that cyanide/sulfur/mercury resulting from Gold extractions will be very good for the ecosystem and the local peoples health. The people will sure develop something health related, perhaps cancer? I guess it's all in the wording.
Written by: Bleu_raven, 5 Sep 2009 6:32 PM
From: Dominican Republic
yeah, it creates jobs, I just dontunderstand why we cant extract our own gold, without the help of Foreign companies.
Written by: The_Analyst, 7 Sep 2009 8:45 PM
From: United States, NY/NJ
Bleu_raven the reason for us outsourcing the mining work to foreigners is due to the deals with the IMF, their friends and associates get all of the juicy contracts and own everything of any real value in our country, they've already done this with other countries and are repeating it the same with us. If we had politicians who actually cared for the country this could have been avoided... oupala07 every American citizen owes approximately $38,900 each as a proportion of the national debt, that is the current amount.
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