Dominican gold rush hits bureaucracy

An overview of Barrick Gold Corporation’s Pueblo Viejo gold mine is seen in Cotui, Dominican Republic. (Photo by Ricardo Rojas, Reuters.)

By Ezra Fieser
Reuters

Little more than a decade ago, one of the world’s largest known gold deposits sat abandoned in the foothills of the Dominican Republic’s Central Cordillera mountain range. Car-sized boulders leached heavy into what locals called the “blood river,” its waters ran so red from contaminants.

Today the mine, which reopened as Pueblo Viejo this year, hums with activity. Trucks with twice the size of an SUV roll through its massive open pits on roads that cut through the 11-square-kilometer site (4.24 square miles), transporting tons of rock to a processing facility.

Some 2,000 people already work here, churning out shimmering gold bars that are exported to Canada and the United States, but the mine has the potential to create 12,700 more direct and indirect jobs and contribute $1.3 billion a year in exports.

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