The Economist
Winnipeg Free Press
The $4 billion that two Canadian companies, Barrick Gold and Goldcorp, have poured into developing the Pueblo Viejo gold mine since 2009 amounts to the largest single foreign investment in the history of the Dominican Republic.
The companies say the money has turned the polluted ruins of what had been the state-owned Rosario mine, abandoned in 1999, into a “truly world-class” operation that should provide the country’s government with $10 billion in the course of its 25-year life
The project has been controversial, however. Only weeks after the mining started in January, President Danilo Medina, who was elected last year, declared: “For every $100 of gold exports, Barrick will receive $97 and the Dominican people $3. That is simply unacceptable.”