Barrick’s Days of ‘Abuse’ Numbered, Dominican Lawmaker Says

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 reporter on this story: Adam Williams in San Jose, Costa Rica at awilliams111@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.