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Santo Domingo.-  Fernando Sánchez, executive director of Barrick Gold's mining operation in the Dominican Republic, Pueblo Viejo Dominicana Corporation (PVDC), said last Friday that the mining company represented a high level of benefits to the Dominican Republic in economic terms.

He said that since its implementation, the company has collaborated towards the recovery of the Dominican economy during this time of crisis.

“A significant investment has been achieved with Barrick Gold, it spent 340 million dollars on the Dominican economy, which means that it has reactivated the national economy at a time of crisis”.

Sánchez believes that this project represents a success for the Dominican government because it involves one of the largest investments in Dominican history in terms of foreign investment.

He stressed that with Barrick Gold, the State is receiving one of the greatest investments made in Latin America in foreign investment and mining projects.

The Peruvian executive said that the State would receive 3.2% in bonuses, 25% in income taxes and 28.5% in other taxes, totaling over 50% of the benefits.

“We spoke of a 3 billion dollar investment, this investment has to be supervised according to the contract by the State that can contract a specialized company with a global reputation in this area”, he added.

The Barrick Gold representative made these statements on the Uno+Uno television show, on Teleantillas, channel 2.

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39 comment(s)
Written by: ateo2010 This user is banned, 31 Mar 2010 10:17 AM
From: Dominican Republic, Owning Noobs
benefits on what?, making our rivers more colorful!
Written by: JimHarrington This user is banned, 31 Mar 2010 10:55 AM
From: United States
Sounds like the same message that Falconbrige gave.
Written by: anthonyC, 31 Mar 2010 11:19 AM
From: United States
Jobs, Money, Tax revenue, Food, Healthcare, roads, infrastructure, investment.

And still people bitch.
Written by: josean, 31 Mar 2010 12:08 PM
From: United States, Guillermo President 2016 Because Our Future Depends On It!


There maybe hope for you yet!

Anybody know of a xenophobe rehab program?
Written by: mariposa, 31 Mar 2010 12:17 PM
From: United States
Is this the Canadian company that wanted to mine in the northern part of the country ??

If it is, they (the Canadian company) wanted to build schools, hospitals, roads for the area in exchange for being able to mine there, along with other perks the DR would receive. but the govt officials said they wanted "moolah".....The canadians came back and offered them moolah, plus, schools, hospitals, roads, etc...The govt. came back and said they wanted MORE MOOLAH.

Written by: ohhhvictor, 31 Mar 2010 12:31 PM
From: United States
Let him drink that red water..and them explain the benefits....
Written by: anthonyC, 31 Mar 2010 1:42 PM
From: United States
Written by: ohhhvictor, 31 Mar 2010 12:31 PM
Let him drink that red water..and them explain the benefits....

Any damage caused (dubious is there was) was caused by the previous owners. BG is spending millions on clean-up and prevention.

Next complaint!
Written by: ohhhvictor, 31 Mar 2010 2:59 PM
From: United States
anthopny c..
They are building roads..for their trucks..Not to help the people..They are contaminating the water Today..They are no preventing anything..I don't see them reforesting Anything.They are just destroying the heart of forest and fauna of the cordillera central..something that took the nature thousand of years to create..
The south of D.R. was just like that, the biggest forest in the country, but to pay the public debt in the 18 th century, the dominican presidents.destroy that area..200 years later we still have a deset like area.
So, if you think that they are creating prosperity..think again, and don't fell into that b.s..Everytwhere they go in the world they do the same thing and people react in the same way.Don't be ignorant..Check our history and on internet before making any opinion..
Written by: ohhhvictor, 31 Mar 2010 4:02 PM
From: United States
Dude..There is NO EXCUSE>>> BG should get out of there..Everywhere they go they bring misery to everyone..Internet and youtube are full of people and movement against the pollution of BG.
La Rosario was leased by the dominican state to another canadian company as well( i forgot it's name)..And I still remember they were saying exactly the same thing: "we 're not polluting the waters, we believe in the reforestation."
You should be so ignorant..Or maybe you should see a nice river like that in fornt of your house in Texas and Canada , the headquarter of BG..But you think we can swallow all the lies again?
There is a beautiful web page :
There you will see destruction all over in America latina, Canada, Africa, Asia and Australia.
Still don't believe me?Let sit down with a glass of red water that I am inviting you to we can talk. :)
Written by: ohhhvictor, 31 Mar 2010 4:38 PM
From: United States
You should do your own research on internet: in Papua, , Canada itself, Bolivia, the move mountains between Chile and Argentina ( now they don't have a clear delimitation of their own frontiers),Tanzania, Russia, Africa,etc, etc..Don't believe me..Watch the photos of poor miners without skin! Please watch it only for 2 minutes and think how would you see yourself in the same situation.

BG want to create jobs? As the mining jobs they wanted to create in Las terrenas? I just wonder..How come that they don't do the same kind of mining exploration in America, with the same standards?

I remember being a teenager that I had to do filming about "la rosario" 20 years ago.The area to get there was forest and mountain .they used to leave a big caliche wholes about the size of my town. I couldn't believe it.And they were promising reforest everything..What I remember is that I didn't see a single tree for that, and the strong chemicals smell.. the same one that intoxicated a lot of peop
Written by: ohhhvictor, 31 Mar 2010 4:52 PM
From: United States
Please, check on the photos of red water in tanzania ( very similar to ours), by the way, international expert were saying that the river of pueblo nuevo is the most polluted in the world because of it content of Cyanide and heavy metals.

Check this article about people protesting at BG.. I guess that we are going to be the next one in that meeting..

Still don't believe me? I pay you and every BG U$ 100.- if you drink a glass of that water..
Damned..I will be VERY glad to do that..
Written by: junglemonkey, 31 Mar 2010 5:41 PM
From: United States
i dont get why everyone is Barrick's back....
they sure wont be in the DR if it wasnt approved by the government...

find out who let them in and signed their contract!! take them down first.
Written by: DONT_BE_SILENT, 31 Mar 2010 7:00 PM
From: Dominican Republic, Yo Soy Luis Diaz
La negra josefa siempre la boca abierta.
Written by: ohhhvictor, 31 Mar 2010 7:10 PM
From: United States
Some big fish in the government are going to get richer with that.That doesn't mean it's illegal, but clearly pretty unmoral.
Again the same lobbyist exchanging money under the table.

BG haven't start destroying everything it can possibly could . ..YET.
I wish they try to do thew same here in USA.They would be suited for generations..
Does BG really care about the couple hundred of poisoned miners..? Of course not..Historically speaking they never did in countries they exploited.
Cheers BG, your cyanade and heavy metals are very welcome in poor families in DR..
Written by: ohhhvictor, 31 Mar 2010 7:22 PM
From: United States
I wish you could see what I saw with my own eyes..You would like to cry.. Kilometers and kilometers of so much devastation..Only plain yellow wet caliche mud .
It would take centuries and billions of trees to mines companies repair what they did.
BG never cleaned any of the red waters that they polluted anywhere in the can see the photos..
They have a new good will with D.R.? I don't think so...Let the party roll!
Written by: kalgoorliekid, 31 Mar 2010 7:33 PM
From: Australia
In the end, after the planet trashers have moved on, one will find that one can't eat money.

And what will Barrick's operations in the DR use for cannon fodder? Humans?

Written by: Grosero, 31 Mar 2010 8:14 PM
From: United States
Barrick Gold "benefits Dominican Republic", says executive

Yes that's right, but just who....names.....please provide names?????

Written by: josean, 31 Mar 2010 10:06 PM
From: United States, Guillermo President 2016 Because Our Future Depends On It!

I must be washing my glasses with that yellow mine water!

Written by: josean, 31 Mar 2010 12:08 PM
From: United States


There maybe hope for you yet!

Anybody know of a xenophobe rehab program?
Written by: dreadlocks, 1 Apr 2010 12:05 AM
From: United States
anthonyc could care less if the environment is destroyed for centuries to come, that people get poisoned, and the vegetation is exterminated. after all, somebody will make money, and that is the highest calling of mankind, in his eyes. people like him are the scourge of the earth, and should be run off it. they fail to understand that man has a duty to offer the planet sane and selfless stewardship, and protect it for future generations. vultures like him and Limbaugh are so arrogant that they think they have a God given right to exploit and devalue anything they choose, to exploit anyone they can, and to defend every nefarious initiative aimed at self aggrandisement. the sad part is that they observe these operations from a safe distance , a thousand or more miles away, so it is not themselves and their families suffering. like anthonyc, i have problems believing in God, because no omnipotent being could have created people like him.
Written by: anthonyC, 1 Apr 2010 1:46 AM
From: United States

You write a lot but never say anything of substance or intelligence.
Written by: josean, 1 Apr 2010 7:36 AM
From: United States, Guillermo President 2016 Because Our Future Depends On It!

How would you know what constitutes substance and intelligence?
Written by: dreadlocks, 1 Apr 2010 8:32 AM
From: United States
it is a matter of whose ox is being gored, anthonyc. and, a person such as yourself has no idea whether he is afoot or horseback
Written by: Yucahu, 1 Apr 2010 10:55 AM
From: United States, Miami
Imbecil.......Companies like Barrick Gold destroy and ravage the areas they work in....Nothing will grow there for ages. People need food to eat not bars of gold. Wind turbines, solar power generators, rice paddy's, technology incubators, schools, tree's should be brought on line. But not with Barrick MUD all that will be left there is a big gaping hole, a raped earth, and an uneducated, hungry, miserable population that will get sick and cause even more expenses to the state. So chew on that and think about the BENEFITS Barrick MUD will bring in...

Besides most of the employees there are PERUVIANS!!!!! What's up with that?
Written by: ohhhvictor, 1 Apr 2010 12:14 PM
From: United States
Yucahu , Dreadlock and Josean... You are very very right..
I am not a tree huger but what BG does is INSANE !They destroy everything around , and there is only miles , and miles of wet mudly caliche for generations.,and red water with heavy metals and cyanide... Nothing can grow up there in those conditions for centuries.
Somebody got to do something?
Written by: dreadlocks, 1 Apr 2010 1:02 PM
From: United States
victor, i am very familiar with the sight of mud lagoons for miles, red, and filled with caustic soda residues. barren outback for miles. anthonyc´s idea of progress.
Written by: Chapitas, 2 Apr 2010 10:51 AM
From: Dominican Republic
gold is good, ask Columbus.
Written by: anthonyC, 2 Apr 2010 10:59 AM
From: United States
Written by: josean, 1 Apr 2010 7:36 AM
From: United States

How would you know what constitutes substance and intelligence?

I have a real job.
Written by: josean, 2 Apr 2010 11:05 AM
From: United States, Guillermo President 2016 Because Our Future Depends On It!

Watching NASCAR, drinking Beer, listening to Rush Dumba and reliving yourself outside of the trailer home doesn’t qualify as job in most jurisdictions, except maybe in the swamp called Florida!
Written by: ohhhvictor, 2 Apr 2010 11:29 AM
From: United States
Please email these people: , , , ,
They want to sell the same Columbus idea of prosperity..
Tell them what you think..Let's make a chain so they would know that they are not welcome..
PLEASE..The future of our country is on stage..We loose it, we'll never get it back..
Written by: josean, 2 Apr 2010 12:06 PM
From: United States, Guillermo President 2016 Because Our Future Depends On It!

Thank You!

The Pitchfork Brigade is getting more sophisticated to the displeasure of Banistan!
Written by: Blutarsky This user is banned, 5 Apr 2010 9:03 AM
From: Dominican Republic, No Spin Zone
the greeny weanies are barking up the wrong tree this time
Written by: josean, 5 Apr 2010 10:29 PM
From: United States, Guillermo President 2016 Because Our Future Depends On It!
Not so fast Bainstan!

Museum of Man complains Barrick Gold’s work damage archaeological sites

In the area of operations of Barrick Gold there is indigenous archaeological heritage that has been damaged by the company.

SANTO DOMINGO, DN-An indigenous archaeological heritage of over a thousand years of existence is about to disappear. It consists of ten archaeological sites including caves containing pictographic and petroglyphs, and prehistoric stone foundations.

This national heritage site, discovered in the 60's, is located in the center of the mining operations project of Pueblo Viejo, the company Barrick Gold Corporation, is conducting in the municipality of Cotuí.

Let’s see if the same people who become apoplectic when Hatians illegally cut down tress, which are renewable and can be replanted, show the same passion against these SOBs who are destroying our national heritage which can never be recovered.

Written by: josean, 5 Apr 2010 10:30 PM
From: United States, Guillermo President 2016 Because Our Future Depends On It!
Written by: ohhhvictor, 5 Apr 2010 11:09 PM
From: United States
Very interesting article.I can't believe things like that happens..
I want somebody even think about destroying the Lincoln memorial,Mount Rushmore, Washington monument or something like that..The medias would love it! They would be suited for centuries.But in D.R. this stupid mining company thinks that they can do whatever they want..And they do..
Written by: dreadlocks, 6 Apr 2010 12:00 AM
From: United States
Blutarsky sees opposition to such tragedies as whining and complaining. then again, it is not his country, so he could care less. he would object to it in Europe and North America, but a bunch of Dominicans do not count.
Written by: josean, 6 Apr 2010 7:51 AM
From: United States, Guillermo President 2016 Because Our Future Depends On It!

Look what a guy who qualifies as hardly a greeny weanie is barking about!

Lawyer Vinicio Castillo Seman

He says it is possible to defend the country's interests without scaring away foreign investment.

Monitor Barrick Gold

Lawyer Vinicio Castillo Seman questions the US$3 billion investment touted by Barrick Gold. The lawyer says that one has to separate the actual investment from the loans the company is securing to carry out the exploitation. "Dominican society has to demand clarity and transparency in the concession contract and its execution," he writes in today's Listin. He says that the executives have said they have already invested US$1 billion, and then asks: "Who is auditing this supposed investment?" He asks why the Dominican government does not contract a leading audit firm. "Why and which interests have they been able to put in place to impede the reputable French government geological service, BRGM, from supervising the technical, economic and

Written by: josean, 6 Apr 2010 7:55 AM
From: United States, Guillermo President 2016 Because Our Future Depends On It!

environmental aspects of this mining contract, the largest ever granted in Dominican history?" he asks.

Castillo writes: "They are wrong, those who mistakenly thought that with the go-ahead and green light from politicians in the majority parties (who approved the contract in Congress), the Dominican people will not give in without protest. Times have changed".
He says that President Fernandez needs to listen and respond to the valid concerns that have been raised following the approval of the contract. He says it is possible to defend the country's interests without scaring away foreign investment.

Hear that Banistan even the right winger states:"Times have changed."

No that’s change you can believe in!
Written by: ohhhvictor, 6 Apr 2010 8:36 AM
From: United States
Great article..People is moving faster that what I expected it.
They stopped Los haitises mining concession not long time ago against all big politicians will..This is a way bigger project and closer to Santo Domingo.We already got the experience..
I would bet money that B. Gold ain't gonna make it!
Written by: ohhhvictor, 6 Apr 2010 12:25 PM
From: United States
Why this story is familiar?
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