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Barrick eyes new mines, not deals, for future growth

Barrick eyes new mines, not deals, for future growth
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Porgera Moves Closer to Restart

Civil society groups urge halt to Barrick s Pueblo Viejo expansion

Pueblo Viejo joint venture. (Image: Barrick Gold) Civil society groups on Tuesday urged Canada’s Barrick Gold Corp to halt expansion of its Pueblo Viejo gold mine in the Dominican Republic, citing risks posed by increased mine waste and threats to local communities’ rights. Barrick has proposed a $1.3 billion expansion of the processing plant and waste storage facility to tap lower-grade ore and extend mine life through 2040. Sign Up for the Precious Metals Digest Sign Up Pueblo Viejo is located about 100 km northwest of the capital Santo Domingo, and is operated by a joint venture in which Barrick holds 60% and Newmont Corp holds the remainder.

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