Dominican Republic Creates State Miner To Explore For Rare Earths August 25th, 2024
Via Reuters, a report on the Dominican Republic’s plans to develop its mining industry:
The Dominican presidency said in a statement that the state firm, Empresa Minera Dominicana S.A., or Emidom, will explore, exploit and run economic viability studies on the country’s natural resources.
The firm will be able to negotiate contracts and alliances with international firms and it will have a nine-member board, led by the minister of the presidency.
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Emidom is also tasked with managing the Avila mining reserve in southern Pedernales province, which borders with Haiti and was in 2018 declared an area to be explored for possible rare earth projects.
Last year the U.S. military, opens new tab said a team of its engineering researchers worked with local authorities in the highlands of Pedernales to evaluate the area’s viability.
The Caribbean nation is home to Canadian firm Barrick Gold’s (ABX.TO), opens new tab Pueblo Viejo, the largest gold mine in Latin America and the Caribbean.
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