Santo Domingo.- San Juan de la Maguana province (west) took the biggest step in the country’s mining development after gold and copper was discovered in its depressed territory, which will create new jobs in the corridor called Las Tres Palmas, that links the communities La Escandalosa, El Romero and Loma Los Comíos.
In fact, the people of La Higuera, a neighboring village, are already reaping the benefits of full employment, said mining director Alexander Medina, quoted by newspaper Listin Diario.
Canadian miner GoldQuest/Inex, which holds the exploration concession in the ??San Juan area, reported finding the gold and copper deposits which have been listed as the country's biggest mineral discovery in the last 20 years, and the world’s largest in 2012.
GoldQuest/Inex has spent US$ 3.5 million in 33 drillings in an area north of the city of San Juan totaling 13,720 meters, with expectations of favorable results, with US$21 million already raised from investors.
It estimated around 315,000 ounces of gold just at La Escandalosa Sur in May last year, but analysts have noted that the resources could exceed 1.0 million ounces.
There’s still no official report on the resources at El Romero because the miner awaits a study of the reserves and the concessionaire’s compliance with regulations of Canada’s Securities Exchange Commission.
Medina revealed that studies conducted by the Mining Agency in 1967, and a geochemical study which cost US$5.0 million by Gold Fields from 2000 to 2004, found prospects and "anomalies" which led to the first discovery at La Escandaloa. " GoldQuest continued working in El Romero, which is the site of the major discovery. We're talking around 200 meters of copper-gold mineralization and the area still continues toward Los Comíos."
From: United States, FREEPORT, Long Island.... ((You're blind to the fact that you're blind))
Too bad we don't have people in office that is for the Republic..... 451 active mining projects and the island is still third world class . The Dom. Rep. is only 18,700 square miles with 451 mining projects, that's a pit for every 41 square mile, soon the thieving government will push everyone out of the mountains. What a shame.
Written by: BASTA, 7 Jan 2013 1:13 PM
From: Dominican Republic, =Ghetto/Legalize Drugs/Free abortions for all
Amen!!
Written by: Danilo, 7 Jan 2013 2:19 PM
From: Dominican Republic, www.DuckyDeals.com
Too bad we don't have our own mining company that would reinvest that money in the country.
Written by: anthonyC, 7 Jan 2013 2:39 PM
From: United States
Nobody is stopping any of you moochers from starting your own mining company.
NOBODY!!!
Written by: Danilo, 7 Jan 2013 2:47 PM
From: Dominican Republic, www.DuckyDeals.com
"Nobody is stopping any of you moochers from starting your own mining company."
Only the lack of a few billion dollars.
From: United States, FREEPORT, Long Island.... ((You're blind to the fact that you're blind))
Here we go again, once we talk about the country being raped of it precious metals , the man with the boobs from eating genetically modified chicken, pops IT's head into the convo ..... I bet you pull your G-string to the side when you fart.
Written by: telemeco, 7 Jan 2013 3:49 PM
From: Dominican Republic, Monte Plata
i am proving my finca for precious metal is next to a fault line
From: United States, FREEPORT, Long Island.... ((You're blind to the fact that you're blind))
That's why it's called Monte Plata
Written by: anthonyC, 7 Jan 2013 4:49 PM
From: United States
Written by: Danilo,
"Only the lack of a few billion dollars."
Just like I said. Nobody is stopping you except your own Laziness & ignorance.
Written by: Trujillo, 7 Jan 2013 5:51 PM
From: Dominican Republic
You don't need billions of dollars to start a company.
Written by: Trujillo, 7 Jan 2013 5:55 PM
From: Dominican Republic
Mining will replace tourism in the DR as its biggest source of income.
From: United States, FREEPORT, Long Island.... ((You're blind to the fact that you're blind))
Trujillo,
I was told you gave my grandfather a set of German Shepards and a pair of custom engraved shotguns. Is it true? Bcuz, he buried them when you got killed, along with all your other gifts you gave him for being the Forista and I wanna go look for them, we still hold the land. Also, I'd like to thank you for not taking any of my 14 aunts in your heydays.
Written by: Atabey, 7 Jan 2013 6:35 PM
From: United States, NYC
Written by: telemeco, 7 Jan 2013 3:49 PM
From: Dominican Republic, Monte Plata
i am proving my finca for precious metal is next to a fault line"
Telemaco or anyone,
What are the laws concerning mineral rights in DR?
Written by: Atabey, 7 Jan 2013 6:39 PM
From: United States, NYC
As in most nations, the Constitution of the Dominican Republic is the general framework that establishes broad norms for the functioning of the state. The Constitution enshrines the protection of property and the inviolability of such in article 51. However, article 17 of the same sets forth that "mining and hydrocarbon deposits and, in general, all non-renewable resources, may only be explored or exploited by private parties, under sustainable environmental criterion, in accordance with concessions, agreements, licenses, permits or quotas, under the conditions determined by law". Thus, any person seeking to undertake mining operations in the Dominican Republic must take into account that the Dominican state is a necessary participant in any mining operation, and that the property of the minerals is that of the state, although the entity awarded with a concession has the right to profit from the extracted minerals.
Written by: Atabey, 7 Jan 2013 6:40 PM
From: United States, NYC
Property of the state, as may be construed from the provisions set forth in Law No. 146's Regulation for Application refers to the mineral reserve, and not the extracted minerals which belong to the concessionaire. The Dominican Mining Law No. 146 of 4 June 1971 (the Law or Law 146) is the legislation currently in force in the Dominican Republic relating to the exploration and exploitation of mining materials. The Law is complemented by its Regulation for enforcement number 207-98 of 3 June 1998, which clarifies certain aspects of the Law and establishes specific administrative processes in order to implement the norms contained in the Law. '
Law 146 as well as its regulation establish that the state is the owner of all mineral deposits, of any nature, on Dominican soil, and that the exploitation or mining of such deposits are undertaken by means of concessions or agreements granted exclusively by the government.
From: United States, FREEPORT, Long Island.... ((You're blind to the fact that you're blind))
you going to make the guy wit da boobs mad, Atabey. Ant-knee don't like it when we talk about citizens making a profit or making an attempt to do so.
Written by: Atabey, 7 Jan 2013 6:42 PM
From: United States, NYC
Furthermore, the Law is highly protective of the local legal regime providing that all concessions granted within national territory are exclusively governed by the laws and courts of the Dominican Republic, and when foreigners are the concessionaires, such concessionaires are deemed to have validly waived any right to diplomatic protection in relation to the concession. The Law also creates the General Mining Directorate, which is the administrative body in charge of implementing the Law and regulating mining activities in the Dominican Republic. '
5. What in general terms is the mining exploration and exploitation permit or concession regime? What is the licensing regime?
Law 146 recognises two distinct types of concessions that may be granted by the state: concessions for the exploration of mining materials; and concessions for the mining itself or exploitation of the mining materials.
Written by: Atabey, 7 Jan 2013 6:42 PM
From: United States, NYC
Article 17 allows additionally, the creation of 'fiscal reserves‘ by the executive branch, within a determined mining zone, and following such creation, allow the exploration and evaluation of mining sources, and allow exploitation activities through special contracts. The process of obtaining a mining concession is relatively straightforward, and is contained in articles 143 through 176 of the law, as well as certain other provisions of Regulation 207-98. In summary, the entity interested in mining a piece of land must fulfil the requirements established by the Law, Regulation 207-98, and those of the General Mining Directorate. The General Mining Directorate then either approves the concession or rejects it. If approval is granted, the Ministry of Industry and Commerce proceeds to issue a resolution authorising the concession.
Written by: Atabey, 7 Jan 2013 6:45 PM
From: United States, NYC
The General Mining Directorate also grants any and all rights of passage and rights of use of the land of third parties once the concession is granted, notwithstanding if the permit is granted either for exploration purposes or for mining operations. If a foreign entity seeks to receive a concession for exploration purposes only, then it is allowed to do so as a foreign entity, though it must prove its existence to the General Mining Directorate through the filing of certain documents. However, the Law expressly establishes that foreign entities that seek mining (or exploitation) concessions must do so through the incorporation of a Dominican company fulfilling all the requirements under Dominican law. Nevertheless, if the foreign entity had begun exploration operations as such, and requested the granting of a mining concession, while the incorporation of the Dominican company is being undertaken, the foreign entity may initiate mining activities.
Written by: Atabey, 7 Jan 2013 6:47 PM
From: United States, NYC
The concession granted is intuitu personae, and consequently, may not be assigned without prior written approval from Ministry of Industry and Commerce."
latinlawyer.com/reference/article/40255/mining/
The article is as you can imagine long.
From: United States, FREEPORT, Long Island.... ((You're blind to the fact that you're blind))
1998!!!! Man, that leo should get beat up and slapped every single time he shows up for an event
Written by: anthonyC, 7 Jan 2013 9:39 PM
From: United States
And people still insist on calling the D.R. a free country.
A people are not truly free without private property rights. You can own a piece of land for decades but you don't even have a claim to what is in it.
Written by: Atabey, 7 Jan 2013 9:55 PM
From: United States, NYC
I've been waiting for this law to change for some time-ever since a Canadian was interested in buying my property in the Cibao. The government's take could be substantial.
Written by: RoyStone, 8 Jan 2013 4:02 AM
From: Australia
Danilo,
laments
"Too bad we don't have our own mining company that would reinvest that money in the country."
Just as well -
did you see what they did to the environment last time? Barrick Gold had to send millions to clean up the Dominican mess before they started mining.
Trujillo,
states
"Mining will replace tourism in the DR as its biggest source of income. "
My guess is, it already has.
From: United States, FREEPORT, Long Island.... ((You're blind to the fact that you're blind))
Education....Is the key to success.
Written by: bigdaddy, 8 Jan 2013 9:29 AM
From: United States
Gentlemen ... The law in the DR is the same as in most countries ... When you own property, land, house, apartment etc you own the surface rights and nothing more ... Everything below the surface belongs to the state period ... The state may grant contracts with qualified persons or companies in the form of concessions or fiscal reserves contracts giving them rights to explore and exploit minerals beneath the surface ... So if there is a mother load in your back yard the land owner even with title in hand has no right of ownership whatsoever to any buried minerals . The mining concessionaire has the legal right to enter a property for the purpose of exploration, exploitation, obtaining easements, etc provided the land owner is fairly compensated ... appraisals of the land does not include the value of any buried minerals ... If the land owner will not cooperate the State will expropiate the property at market value ...
Written by: pelaut, 8 Jan 2013 9:58 AM
From: United States
Same in the U.S. most states: mineral rights and air rights aren't always yours.
Add property taxes to the mix, and you've got a situation where the homeowner basically has a "derecho de uso" or "titulo de ayuntamiento". Add estate taxes to the argument, and the citizen OWNS bupkis.
PS: attaboy, Atabey. Go get 'em.
From: United States, FREEPORT, Long Island.... ((You're blind to the fact that you're blind))
Mineral Ownership:
In the United States, the individual or organization that owns the surface property usually owns the mineral resources. However, the owner can sell, lease, gift, or bequest the mineral rights separately from the surface rights.
You can usually determine the exact ownership of the mineral rights in a parcel by examining the deed abstract for the property.
From: United States, FREEPORT, Long Island.... ((You're blind to the fact that you're blind))
It's a lot better in the USA
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Nobody is stopping any of you moochers from starting your own mining company.
NOBODY!!!
Only the lack of a few billion dollars.
"Only the lack of a few billion dollars."
Just like I said. Nobody is stopping you except your own Laziness & ignorance.
I was told you gave my grandfather a set of German Shepards and a pair of custom engraved shotguns. Is it true? Bcuz, he buried them when you got killed, along with all your other gifts you gave him for being the Forista and I wanna go look for them, we still hold the land. Also, I'd like to thank you for not taking any of my 14 aunts in your heydays.
From: Dominican Republic, Monte Plata
i am proving my finca for precious metal is next to a fault line"
Telemaco or anyone,
What are the laws concerning mineral rights in DR?
Property of the state, as may be construed from the provisions set forth in Law No. 146's Regulation for Application refers to the mineral reserve, and not the extracted minerals which belong to the concessionaire. The Dominican Mining Law No. 146 of 4 June 1971 (the Law or Law 146) is the legislation currently in force in the Dominican Republic relating to the exploration and exploitation of mining materials. The Law is complemented by its Regulation for enforcement number 207-98 of 3 June 1998, which clarifies certain aspects of the Law and establishes specific administrative processes in order to implement the norms contained in the Law. '
Law 146 as well as its regulation establish that the state is the owner of all mineral deposits, of any nature, on Dominican soil, and that the exploitation or mining of such deposits are undertaken by means of concessions or agreements granted exclusively by the government.
Furthermore, the Law is highly protective of the local legal regime providing that all concessions granted within national territory are exclusively governed by the laws and courts of the Dominican Republic, and when foreigners are the concessionaires, such concessionaires are deemed to have validly waived any right to diplomatic protection in relation to the concession. The Law also creates the General Mining Directorate, which is the administrative body in charge of implementing the Law and regulating mining activities in the Dominican Republic. '
5. What in general terms is the mining exploration and exploitation permit or concession regime? What is the licensing regime?
Law 146 recognises two distinct types of concessions that may be granted by the state: concessions for the exploration of mining materials; and concessions for the mining itself or exploitation of the mining materials.
The General Mining Directorate also grants any and all rights of passage and rights of use of the land of third parties once the concession is granted, notwithstanding if the permit is granted either for exploration purposes or for mining operations. If a foreign entity seeks to receive a concession for exploration purposes only, then it is allowed to do so as a foreign entity, though it must prove its existence to the General Mining Directorate through the filing of certain documents. However, the Law expressly establishes that foreign entities that seek mining (or exploitation) concessions must do so through the incorporation of a Dominican company fulfilling all the requirements under Dominican law. Nevertheless, if the foreign entity had begun exploration operations as such, and requested the granting of a mining concession, while the incorporation of the Dominican company is being undertaken, the foreign entity may initiate mining activities.
latinlawyer.com/reference/article/40255/mining/
The article is as you can imagine long.
And people still insist on calling the D.R. a free country.
A people are not truly free without private property rights. You can own a piece of land for decades but you don't even have a claim to what is in it.
I've been waiting for this law to change for some time-ever since a Canadian was interested in buying my property in the Cibao. The government's take could be substantial.
laments
"Too bad we don't have our own mining company that would reinvest that money in the country."
Just as well -
did you see what they did to the environment last time? Barrick Gold had to send millions to clean up the Dominican mess before they started mining.
Trujillo,
states
"Mining will replace tourism in the DR as its biggest source of income. "
My guess is, it already has.
Add property taxes to the mix, and you've got a situation where the homeowner basically has a "derecho de uso" or "titulo de ayuntamiento". Add estate taxes to the argument, and the citizen OWNS bupkis.
PS: attaboy, Atabey. Go get 'em.
Mineral Ownership:
In the United States, the individual or organization that owns the surface property usually owns the mineral resources. However, the owner can sell, lease, gift, or bequest the mineral rights separately from the surface rights.
You can usually determine the exact ownership of the mineral rights in a parcel by examining the deed abstract for the property.