Mine Company Won't Reopen Dominican Contract
SANTO DOMINGO, Dominican Republic (AP) â¿¿ The company that operates the huge Pueblo Viejo gold mine in the Dominican Republic is resisting calls from the country's government to renegotiate its royalty contract.
Barrick Pueblo Viejo spokesman Jorge Esteva says in a TV interview that renegotiating the 2009 contract is "not on the table." Esteva said in an interview on the Antena Latina TV station that the company is willing to discuss measures to help the Dominican Republic with its budget deficit.
President Danilo Medina and both houses of Congress have called on the Canadian joint venture to re-open talks on the operating contract for one of the world's largest gold mining operations. Spokesman Andy Lloyd said Tuesday the company is discussing the issue with the government but the contract is legally binding.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV