government and business Old Town Barrick will soon announce the location where the mining company will be allowed to build a tails dam to continue with the exploitation of gold that it develops in Maimón.
The announcement was made to Free Journal the Minister of Energy and Mines, Anthony Almonteduring an interview with this newspaper, and reserved further details before that announcement is made.
“We have been in these days (…) already discussing final aspects to, at some point, announce to the country a definitive solution that has to do with the definitive location where that will be done. tails damthe conditions, and so on,” he said.
A tails dam or tailings is where the inert material resulting from mining processes is deposited. They are usually made up of ground rocks, water and minerals with no commercial value.
The construction of a tails dam by the mining company has generated controversy because residents of Monte Plata oppose its development in that province due to the environmental impact it could cause.
In November last year, Juana Barceló, president of Old Town Barrickassured that there is a lot of misinformation regarding the environmental impact of the operations of the mining project. He agreed with the Dominican government hiring a firm to carry out an independent study in this regard.
The most exported product by the Dominican Republic continues to be gold, reaching US$1,831,463,871 in January-December 2021, according to the Dominican Association of Exporters (Adoexpo).
“We have a production that is being reduced,” Barceló said at the time. “What the mine life extension project is looking for is basically to increase that production (…), if that does not happen, we would have a drop of an average of 500 thousand ounces.”
He estimated that the continuity project will derive in more than US$9,000 million of additional income for the Dominican State.
“The Dominican government is not going to give any permit to any mining project that has the slightest indication in the environmental impact studies, and the evaluations made by the Ministry of the Environment and the expert offices, (that) it is negative for the society”Minister of Energy and Mines
“The Dominican Republic, and particularly Barrick Gold, which has a very clear and efficient schedule, I say, for taking advantage of its gold potential in the international market, cannot waste much time either, and I think that sooner rather than later. a satisfactory solution must be announced to the country,” said Almonte.
The Deputy Minister of Mines, Miguel Díaz, reported that the Barrick Pueblo Viejo mining project has 13 million exploitable ounces of gold, which exceeds the average availability of this type of deposit. The mine is operated by the Pueblo Viejo Dominicana Corporation, a joint venture between Barrick (60%) and Newmont (40%).