There is a lot of gold in the hills of the Dominican Republic

[Dolores]

In spite of the fact that gold has been extracted from the geography and geology pf the Dominican Republic for over 500 years, the Ministry of Energy and Mining has released a statement that says that there are still 26,000,000 ounces of gold in the areas under study or already in production. And there are deposits of copper and nickel as well. In fact, the Falconbridge Company in Bonao has just announced that it will start producing pure nickel for use in car batteries to get in step with the trend toward EV production.

Deputy Minister of Mines, Rolando Muñoz noted that with the proven reserves, mining will continue to be one of the main economic pillars of the Dominican economy. He added that there are 21 million tons of nickel, a possible 152 million tons of copper, and over 275 million tons of zinc in the country. The importance of gold mining is shown when it is shown that over 37%...

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[Yourmaninvegas]

But will the people of the 🇩🇴 benefit from the colonial exploitation of the natural resources of the country?
I think not‼️

 

[Exodusbywind]

Just a handful

 

[siamesepat]

I wonder if anyone has tried panning any of the rivers.

 

[JD Jones]

I wonder if anyone has tried panning any of the rivers.

Yes.

 

[bob saunders]

But will the people of the 🇩🇴 benefit from the colonial exploitation of the natural resources of the country?
I think not‼️

I guess that depends on whether you believe all money in Government coffers is wasted.

 

[bob saunders]

But will the people of the 🇩🇴 benefit from the colonial exploitation of the natural resources of the country?
I think not‼️

Canada has never colonized anyone, except the aboriginal Canadians.

 

[Taylor]

Does the fact that Barrick is Canadian based (with staff from all over the world, most of which are non Canadian) mean that it represents all of Canada?

 

[Big]

Does the fact that Barrick is Canadian based (with staff from all over the world, most of which are non Canadian) mean that it represents all of Canada?

Barrick is a publicly traded company and it's priority is to the shareholders

 

[Taylor]

So does that then justify calling it colonial exploitation ?

 

[Yourmaninvegas]

Barrick is a publicly traded company and it's priority is to the shareholders

GOLD (NYSE)

Barrick - Home

www.barrick.com

So does that then justify calling it colonial exploitation ?

Perhaps you prefer the term capitalist exploitation ❓
My justification for the use of either term in regards to Barrick can be found here:

Dominican Republic: Organisations send Barrick Gold a letter of concern about the environmental and human rights impacts of the expansion of Pueblo Viejo mine - Business & Human Rights Resource Centre

www.business-humanrights.org

But to answer your question this is an opinion forum.
And post number 1 is a news story.
Those who do not my opinions and posts are free to place me on ignore.
As my post is clearly on topic.

 

[Exodusbywind]

In my opinion, there will be a bigger price to pay for the environment and anyone that lives anywhere close to the active mine. When they exhausted the site all that will be left is a raped waste land. Then they move on. Just google some pictures of Barrick mines. Very few benefits for the local people. Some lawmakers will get their pockets lined.

 

[RDKNIGHT]

But will the people of the 🇩🇴 benefit from the colonial exploitation of the natural resources of the country?
I think not‼️

YES THE RICH PEOPLE WILL KEEP GETTING RICHER

 

[Big]

The mine pays billions (with a B) in taxes and has 30 to 40 years of reserves. Almost all of the thousands of employees directly and indirectly are Dominican. Google pictures of any industrial operation and yes, it is just that , an industrial operation. Mine, oil, steel and refuse dumps are not pretty, but we all use them.

 

[DR_Guy]

I wonder if anyone has tried panning any of the rivers.

Yes, you can pan gold in the Rio Osama near Maimon Bonao and also near Altagarcia

 

[DR_Guy]

In my opinion, there will be a bigger price to pay for the environment and anyone that lives anywhere close to the active mine. When they exhausted the site all that will be left is a raped waste land. Then they move on. Just google some pictures of Barrick mines. Very few benefits for the local people. Some lawmakers will get their pockets lined.

Says a guy who owns a car made from metal from mines and a cellular with a lithium battery. LOL dude

 

[aarhus]

The mine pays billions (with a B) in taxes and has 30 to 40 years of reserves. Almost all of the thousands of employees directly and indirectly are Dominican. Google pictures of any industrial operation and yes, it is just that , an industrial operation. Mine, oil, steel and refuse dumps are not pretty, but we all use them.

Some of that tax revenue could go into the local community and for plans after the exploitation.

 

[drstock]

Some of that tax revenue could go into the local community and for plans after the exploitation.

It could....!

 

[Exodusbywind]

Says a guy who owns a car made from metal from mines and a cellular with a lithium battery. LOL dude

They should be investing more into recycling ferrous and non-ferrous material. More cost effective less impact on the environment.

 

[Yourmaninvegas]

It could....!

But will it?