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Joachim Bamrud

Barrick ad campaign counters Dominican criticism

12th February 2013 Canada-based Barrick Gold has started a media campaign in the Dominican Republic to counter often repeated, but false, statements about its 2009 contract to develop the $4-billion Pueblo Viejo gold mine. Pueblo Viejo, which is 60% owned by operator Barrick and 40% by Canada-based Goldcorp, is... 

Bolivia mining exports seen falling 20%

21st December 2012 Bolivia’s mining exports will likely decline by 20% this year, partly as a result of reduced private investments amidst regulatory uncertainty, experts say. “The value of Bolivian mining exports will probably fall around 20% in 2012,” says Henry Oporto, a leading expert on Bolivian mining and... 

Companies upbeat on Haiti prospects

21st December 2012 Foreign mining companies are upbeat on their prospects in Haiti, which offers strong mineral potential and a new business-friendly government. “We believe there’s substantial potential for discovery there,” says US-based Eurasian Minerals CEO David Cole. 

New legal action against Barrick over Pascua Lama protocol

13th December 2012 A Chilean lawyer has filed legal action to force the world’s largest gold producer Barrick Gold executives to appear in a Canadian court to respond to accusations that the company falsified information included in the Pascua Lama protocol between Argentina and Chile in 2004, for the development... 

Ecuador mining needs stable legal environment

7th December 2012 Ecuador’s government needs to provide a stable legal environment for mining and provide clearer support for the sector, local business leaders say. “It’s indispensable to have a stable legal environment,” American Chamber of Commerce in Ecuador president Cristian Espinosa says. 

Falcondo concerned about security

30th November 2012 Falcondo, a unit of Canada-based Xstrata Nickel, has had to triple its security expenses in the Dominican Republic in recent years as a result of the country’s worsening situation, officials say. “Security in the country has seen a gradual deterioration, which has forced us to significantly... 

Venezuela mining expected to continue declining after govt nationalised gold sector, discouraged other private mining

30th November 2012 SANTO DOMINGO (miningweekly.com) – The mining sector in Venezuela is expected to continue declining as a result of minimal private participation after the government nationalised gold mining and discouraged other private mining, industry officials say. “There’s no major private mining company... 

Barrick upbeat on Pueblo Viejo despite protests

23rd November 2012 Canada-based Barrick Gold expects the protests against its $3.8-billion joint venture Pueblo Viejo gold mine, in the Dominican Republic, to gradually decline as more people become aware of the cleanup effort made by the group and the economic benefits the mine will provide. “In the long run,... 

Venezuela mining outlook grim

21st November 2012 The mining sector in Venezuela is expected to continue declining as a result of minimal private participation after the government nationalised gold mining and discouraged other private mining, industry officials say. “There’s no major private mining company today,” says Luis Alejandro Rojas... 

Conga delay undermines Peru perception

27th October 2012 The suspension of the Conga mining project – which would have been Peru’s largest foreign investment ever – is undermining the country’s perception among investors. However, Conga will likely go ahead as planned eventually, mining officials say. “A case like this can affect investor perception... 

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