Ministry of Environment conditions environmental license to Barrick; RD$1.13 billion bond

Dolores

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Barrick, the Canadian mining company, has already announced that the construction of its Pueblo Viejo expanded process plant was 93% complete at the end of Q1 with the plant to be at full capacity by July 2023. The company says the project is the Barrick’s “biggest growth project.” It has been designed to extend the mine’s Tier One life to beyond 2040 at an expected average annual production rate of 800,000 ounces of gold.

Meanwhile, Diario Libre reports that the recent Ministry of Environment authorization of Barrick Pueblo Viejo to go ahead with studies for the construction of a new tailings dam in Sanchez Ramirez province is a conditioned one. The mining company already operates a tailings dam in the province. The company had sought to build this tailings dam in other provinces, but met with strong community opposition.

Diario Libre reports that as part of the agreement...

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