The new Minister of Energy and Mines of the Dominican Republic, Antonio Almonte, announced that his office will push for Congress to reform the mining law.\u00a0<\/p>\n
A bill related to this matter was presented by the country\u2019s previous mining minister and Almonte, who was assigned to his post in July by president-elect Luis Abinader, said he wants to update it and add the input of mining companies and other sectors.<\/p>\n Antonio Almonte wants to update the mining law and add the input of mining companies and other sectors<\/p>\n<\/blockquote>\n<\/figure>\n According to the minister, mining is key for the Dominican Republic\u2019s GDP and foreign exchange earnings so, in his view, it must be done in a responsible manner<\/a> within an updated legal framework that allows for the safeguarding of the interests of the state and those of the community.<\/p>\n Among others, companies operating on the island include Barrick Gold and Newmont Goldcorp, whose Pueblo Viejo gold-silver mine produced 590,000 ounces of gold in 2019; Canada\u2019s Unigold, which owns the Nieta gold project<\/a> some 200 kilometres north of Santo Domingo; and Precipitate Gold, whose Pueblo Grande project has granted it a $10-million investment<\/a> from Barrick.<\/p>\n Local media report that Almonte – an engineer who specializes in nuclear energy – also wants to propose an update to Law 57-07, which tackles the provision of incentives to alternative and renewable energy sources, particularly to the private sector.<\/p>\n Before going ahead with such incentives and promoting environmentally friendlier projects, however, it is necessary to update transmission lines and substations as – the government official said – there is only one robust transmission network in the entire country.<\/p>\n","protected":false},"excerpt":{"rendered":" Antonio Almonte wants to update the existing mining law and add the input of mining companies and other sectors.<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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