Friday, June 11, 2010

Barrick (NYSE:ABX) Investigated Again in Dominican Republic

Barrick Gold (NYSE:ABX) (TSE:ABX) is under investigation again in the Dominican Republic, this time for unknown reasons, but identified by the general explanation of whether or not they are respecting the rights of workers, whatever that means.

This is the third investigation of Barrick by the Labor Ministry of the country this year, and is starting to look a little suspicious as to whether they're legitimate or not.

Deputy Labor minister Julio Sanz said this, “Just today we instructed the director of Labor to begin an investigation a in Barrick Gold and subsidiary companies to determine if there’s some violation, if the workers’ rights aren’t being respected and we guarantee that we’ll proceed against those who fail to comply with the law and we can even taken them to court."

It seems like these investigations are based on nothing more than workers whining about something they don't like, and from there an entire process is begun against Barrick.

This time there was nothing stated in relationship to why the investigation is going forward, just that it was.

1 comment:

Anonymous said...

barrick gold should go out of the country for many reasons;contamination is widespread,in the air,land,and waters.the contract with the company was made with corrupt politicians in mind,its our bestnatural resource sold for peanuts,,,thats all