Mining sector “unaware of sale”

SantoDomingo.- Thepresident of the Dominican Chamber of the Mining and Petroleum sector (Camipe), José Sena, saidyesterday that they were unaware of the sale of 100% of the sharesof Glencore Canada Corporation (ANL) in Falconbridge Dominicana (Falcondo) tothe Americano Nickel Limited investment fund, adding that they found out about it via the media.

He clarified, however, that this sale is a normaloperation, because mining is a raw material, cyclical business where companies“are fed by capital that could come from the stock exchanges, investment fundsand shareholders”.

In terms of oil exploration, Sena called on the publicauthorities and private companies to observe Law 146 on Mining, and recalledthat the country is free of oil exploration concessions because they have allexpired.

Sena was speaking at a press conference where heannounced the fourth edition of the “Dr. Pompilio Brouwer Excellence in JournalismPrize,” together with Camipe vice president Luis Eduardo Díaz and secretary CristinaThomén.