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Dominican government, Barrick Gold trade threats for talk over profits

Santo Domingo.- The government and Barrick Gold Corp, after initial threats and warnings from both sides, have held more than 20 meetings since the talks began aimed at striking an agreement over profit sharing from the mine at Pueblo Viejo (central).

An unnamed National Palace source quoted by local media on Thursday said although the talks have been intense, a date to conclude the negotiations has yet to be established, “and a contract which Congress can approve.”

In addition to Barrick executives and local officials, Canadian government representatives also participate in every session as mediators seeking to break the deadlock, the source said.

Despite “some” leaked details, none of the parties has revealed the tone of the negotiations, called by the Dominican government to obtain a bigger cut of the profits from the gold and silver exports.

In a statement issued from Toronto Wednesday, Barrick Gold said the dialogue with the Dominican government continues “in an effort to reach a mutually acceptable outcome.”

Source: DT

Category: DR News |

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Last updated October 26, 2016 at 10:54 PM
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