LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

September 9, 2024

Will a New State Enterprise Boost Mining in the DR?

The Dominican Republic’s government announced last month that it will create a new state mining company. A miner in the Caribbean nation is pictured // File Photo: Government of the Dominican Republic.

Q

A

Jaime M. Senior Fernández, partner at Headrick Rizik Álvarez & Fernández in Santo Domingo: “The recent appointment of Joel Santos as the minister of energy and mines signals the government’s desire to increase the professionalization of the public administration in these important sectors. Minister Santos is an experienced and well-regarded public servant, and there are high hopes that his stewardship of the regulation of the energy and mining sectors will be a boon to both. Mining remains a sector of tremendous opportunity for the Dominican Republic, but the government’s overall feeling toward the sector has been mixed. The private sector shows a great deal of interest in investing in this space, but the perception that authorizing mining activity could be seen as detrimental to the environment has been a key factor in limiting government approvals. The creation of the state-owned mining company, Empresa Minera Dominicana, for…”

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