Caribbean & Central America - March 2013 (ISSN 1741-4458)

Canada’s mining giant, Barrick Gold, is facing growing pressure in the Dominican Republic (DR) to renegotiate the terms of its 2006 contract to run the Pueblo Viejo mine – the country’s main gold mine. Following environmentalists’ concerns raised in August, after the mine resumed operations after 14 years of inactivity [RC-12-12], in January last, a congressional special committee began reviewing the terms of the US$3.8bn contract, the single largest private investment in the country’s history. This has since led President Danilo Medina to call on Barrick Gold to renegotiate the contract – demands which the mining company has yet to show any signs of heeding.

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