A New Mining Law in the Dominican Republic

The bill contemplates creating a National System for the Distribution of Mining State Income, which would use the funds generated to finance sustainable development projects in the country.

Tuesday, December 19, 2017

From a statement issued by the Ministry of Energy and Mines:

SANTO DOMINGO, December 17, 2017The Ministry of Energy and Mines (MEM) sent the Executive Branch the Draft Mining Law, a consensual initiative that promotes a greater participation of the State in the wealth extracted without being detrimental to the profitability of private enterprise in a win-win model.

"This is a historical venture, unprecedented, through means of a mining model that aims to exploit the riches of the subsoil in a rational way and gain without plundering," proclaimed Minister Antonio Isa Conde.

Read draft mining law (in Spanish).

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