Thursday, January 14, 2010

DU Adjunct Prof. Paul Schlauch Involved in Major Dominican Republic-based Mining Deal

Adjunct Prof. Paul Schlauch, who co-teaches International and Comparative Mining Law at the DU Sturm College of Law, recently was involved in a major mining deal where his client Barrick Gold renegotiated a lease agreement for the Dominican Republic-based $2.7 billion Pueblo Viejo project.

Mr. Schlauch, who is of counsel at Holland & Hart in Denver, was recognized in LatinLawyer Online for his role in the agreement.

The Pueblo Viejo project is jointly owned by Barrick Gold Corp (60%) and Goldcorp Inc. (40%).

According to Barrick, "Pueblo Viejo is a long life, advanced gold mining project in the Sanchez Ramirez province with a pre-production capital budget of approximately $2.7 billion. The project remains on schedule to enter production in the fourth quarter of 2011."

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