Page 85 - Escudo Nacional

Ley 146-71. Es la legislación que regula en el
país la exploración y explotación de los recursos exploration and exploitation of mineral resources in THAT CAN CONTRIBUTE
mineros. Su administración está a cargo del Mi-
nisterio de Energía y Minas, el cual fue creado
en el año 2013.
4,475 millones de dólares. Es la inversión
realizada en el país por la minera canadiense
Barrick Gold, en la mina de oro y plata de
Pueblo Viejo, Cotuí, donde opera su proyecto
más gande fuera de Estados Unidos.
las mejores posibilidades a fu-
turo descansarán, en buena
medida, en la ejecución de una
agenda de seguridad energética
y del aprovechamiento racional
de sus recursos naturales.
Castillo Semán expresó que el
mandato constitucional del 2010
y la Estrategia Nacional de De-
sarrollo establecen las condicio-
nes en que deberá realizarse la
explotación de los yacimientos
mineros, y con la creación del
Ministerio de Energía y Minas y
el Servicio Geológico Nacional
se expresa el compromiso con
el fortalecimiento institucional
Law 146-71. It is the legislation that regulates the MINING: A SOURCE OF RICHNESS
the country. The Ministry of Energy and Mines, crea- WITH THE SOCIOECONOMIC
ted in the 2013, is in charge of its administration. DEVELOPMENT OF THE COUNTRY
4,475 million dollars. It is the investment in
the country by the Canadian mining company
Barrick Gold, in the gold and silver mine in
Pueblo Viejo, Cotuí, where it operates its largest
project outside the United States.
del sector. Citó el más reciente
informe del Programa de las Na-
ciones Unidas para el Desarrollo
(PNUD), en el que expresó: “El
PNUD reconoce la importancia
que poseen las industrias extrac-
tivas para la economía de los
países en desarrollo. En el caso
dominicano, esta podría ser una
alternativa viable en la medida
en que el sector se apegue a los
estándares de desarrollo soste-
nible existentes a nivel mundial,
con un enfoque centrado en las
personas y garantizando que los
beneficios generados superen
los pasivos ambientales”.
Investment Guide
The Dominican Republic has important mineral deposits,
specially gold, silver, ferronickel and bauxite, which contribu-
te to generation and poverty reduction.The geological profile
that has the Dominican Republlic is a favorable factor that
maintains the country for centuries as the seat of the oldest
mining industry in the region.
The country currently has the second largest American gold
deposit and produces a range of mineral resources such as:
gold, silver, bauxite, ferronickel, clay, industrial minerals, lari-
mar, amber, flagstone, limestone, gypsum, and salt, among
other metallic and non-metallic resources. The added value
of mining and its attraction for the foreign direct investment
(FDI) has grown in recent years due to the increase in the
levels of production of gold, silver, marble and the main ag-
gregates for the construction sector.
From year 2013, our country has five active mining opera-
tions for the metal production of gold, silver, copper, ferro-
nickel and bauxite.
In the line of non metallic mining, they’re currently operating
50 enterprises of mining, which take advantage of the in-
centives and benefits of Law No. 146-71 on mining.
Mining is one of the main sources of FDI in Dominican Re-
public. Official statistics show that from 2001 to date, the
mining sector has received FDI of more than US$ 4 billion,
to become the second destination of foreign investment,
surpassed only by trade and industry.
Mining is an area of such importance, that the Government
decided to create a Ministry of Energy and Mines, which was
created by the Congress this year, on the recommendation
of President Danilo Medina.
MINING AS A SOURCE OF DEVELOPMENT
The Minister of Energy and Mines, Pelegrín Castillo Semán,
has expressed that the country must overcome the “pessi-
mism” on the development of the existing mineral resources
in the national geography and favors that this development
is executed in a transparent, secure and sustainable way.
Castillo Semán announced that the institution in charge is
employed at a process of multisectorial consultation with
universities and experts in renewable and not renewable re-
sources, in metallic and not metallic mining. He emphasized
the contributions that the mining has done to the develop-
ment of the Dominican economy.
“The attentive observer of the national reality can verify with
ease that the mining has constituted in a real prop of the
macroeconomic stability, for its important contributions to
the development of the investments, the exports and the
improvement of the credit of the Republic”, affirmed the
Minister.
According to its perception, everything indicates that the
best possibilities to future will rest, mostly, in the execution
of an agenda of energy safety and of the rational use of its
natural resources.
Castillo Semán expressed that the Constitution and the Na-
tional Development Strategy established the conditions in
which the exploitation of mining deposits can be performed,
and with the creation of the Department of Energy and Mi-
nes and the National Geologic Service is expressed a com-
mitment with the institutional strengthening of the sector. It
recounted that the technical staff of the organism concluded
that “the PNUD recognizes the importance that the extrac-
tive industries possess for the economy of the developing
countries. In the Dominican case, this might be a viable
alternative as long as the sector attaches to the existing
worldwide standards of sustainable development, focused
on the people and guarantee that the benefits it generates
outstands the environmental liability.
83