Today: May 13, 2025
April 24, 2025
2 mins read

Joel Santos about mining policy

Joel Santos about mining policy

He minister of Energy and mines, Joel Santosreported yesterday that the authorities of the sector are evaluating the creation of a policy Minera nationally, with the aim of organizing and regulating more efficiently development of the mining In the country.

During your participation in the monthly lunch of the American Chamber of Commerce of the Dominican Republic (Amchamdr), the official explained the distribution of the metal mineral basins existing in the national territory and highlighted its potential to attract investment Foreign.

“Yes, we are working. We will even have international assistance to define a policy Minera Clara that addresses the main issues, since the country has advanced in technology Minera“Santos replied to the press.

However, he stressed that it is evident that certain aspects are still strengthening, such as relations with the communitiesenvironmental sustainability and everything related to the permissology process, with the aim of making it more efficient and attractive to investment.

“Technology has completely transformed mining into the Dominican Republic and in the world, and legislation must adapt to that reality”Joel Santos EchavarríaMinister of Energy and Mines of the Dominican Republic

To complement the update of one of the sectors more thriving from the economysaid that they are also promoting the review of the Law Mineradating from 1971. “The sector has changed radically. Obviously, you have to adapt it to those changes,” he added.

Economic impact of mining

Expand image
Infographic
Map of the mining basins in the country, presented by Joel Santos. (External source)

The mining It has proven to be a resilient sector, according to Santos, who pointed out that, despite some challenges, the collections exceed 18,000 million pesos a year, and Exports They reach 1.7 billion dollars. In addition to generating jobsspecified that they are jobs specializedwhose salary is 70,000 pesos, twice the national average.

“In short, it is a sector with multiple benefits that must continue to be promoted within a sustainability framework, “he considered.

In general terms, he recalled that Exports miners They reach 1.7 billion dollars. Santos stressed that, within mining resources, gold stands out as the main export item, which has contributed to meet the needs of others sectors In times of low productivity.

“We have to see the different sectors economic of the country as if it were a portfolio among which there must be some coverage, that is, sectors They have the ability to grow when others present challenges, “he said.

A sustainability look

With the Minera policyensures that the conditions for investment attraction and the consolidation of the contributions made to the economy would improve. “One of the important issues to review is everything related to the management and efficiency of so -called mining funds, which are aimed at those communities.”

“The sustainabilityof course, it does not only refer to the part Environmental. Although the environment is important, sustainability is not limited to this aspect, but also includes the communities surrounding that area, “he said.

  • Therefore, he stressed that if the country shows sustainable mining, it must also show communities strengthened by mining.

He added that this is an issue in which “obviously, we will work.” He argued: “We are working in a very arduous way. And, as in all other issues, a Modern legislation that adapts to technological changes. Many people see mining as if it were that of the 70s or 50s, or as if it were the seven dwarfs who are going to do mining. All that has changed. “

“The Technology has transformed completely mining in the Dominican Republic and in the world, and legislation must adapt to that reality, “Santos said during his participation in the April lunch of the Amchamdr.

There will be a second oil round

The minister announced that the government prepares to launch its “second oil round”, which will include sea blocks and is scheduled for November 2026.

During his speech, Santos Echavarría explained that they are in a technical and scientific preparation phase to support the opening of one of the tenders for the exploration and exploitation of hydrocarbons, which described as positive for the economy, especially for the growth that is projected.

“We will be adding the sea blocks, because some of the land blocks have already been subject to a process that is ongoing, to also advance certain areas of the country that have more information. We are completing that; in the next month it will be concluded.”

Dominican journalist specialized in economics and finance, graduated from the Dominican University O & M.

Source link

Latest Posts

They celebrated "Buenos Aires Coffee Day" with a tour of historic bars - Télam
Cum at clita latine. Tation nominavi quo id. An est possit adipiscing, error tation qualisque vel te.

Categories

Unfulfilled promises
Previous Story

Unfulfilled promises

TC rejects impunity for informal miners in the reinfined
Next Story

TC rejects impunity for informal miners in the reinfined

Latest from Blog

Whooping cough

Whooping cough

A look at the current situation through the eyes and pencil of our cartoonists. Source link
Go toTop