Barrick’s Days of ‘Abuse’ Numbered, Dominican Lawmaker Says
Stock Chart for Barrick Gold Corp (ABX)
Abel Martinez, pres. of Dominican Republic chamber of legislators, comments in statement. * Dominican President Danilo Medina said Feb. 27 that existing contract with Barrick at Pueblo Viejo mine is unacceptable and needs to be revised to provide more benefit to country * Medina says for every $100 of gold exports from Dominican Republic, Barrick receives $97; if contract can’t be revised, govt will back legislation to increase taxes on export earnings of mineral companies * NOTE: Pueblo Viejo $4b investment largest in nation’s history * Andy Lloyd, a Barrick spokesman, didn’t immediately respond to requests for comment made by phone and e-mail
To contact the editor responsible for this story: James Attwood at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.