NewsWhore
11-20-2008, 03:51 PM
Vice President Rafael Alburquerque led the inauguration of operations at the Canadian mining company GlobeStar Mining and the Dominican Mining Corporation in the Cerro de Maimon. The companies will process gold, silver and copper. US$100 million has been invested in the first phase and will create 225 new jobs on site. At full production, Cerro de Maimon is expected to produce approximately 33.5 million pounds of copper, 18,000 ounces of gold and 500,000 ounces of silver annually.
The Cerro Maimon mine is located in the community of Los Martinez, near the city of Maimon in the province of Monsignor Nouel (Bonao).
GlobeStar president Larry Sicarelly pledged that the operation would be carried out respecting environmental standards and added that the company is working closely with the local community. Canadian ambassador Patricia Fortier also spoke at the opening, telling the audience that this was just one instance of Canada's confidence in the DR's security and guarantees of foreign investment.
See www.globestarmining.com/ (http://www.globestarmining.com/)
More... (http://www.dr1.com/index.html#9)
The Cerro Maimon mine is located in the community of Los Martinez, near the city of Maimon in the province of Monsignor Nouel (Bonao).
GlobeStar president Larry Sicarelly pledged that the operation would be carried out respecting environmental standards and added that the company is working closely with the local community. Canadian ambassador Patricia Fortier also spoke at the opening, telling the audience that this was just one instance of Canada's confidence in the DR's security and guarantees of foreign investment.
See www.globestarmining.com/ (http://www.globestarmining.com/)
More... (http://www.dr1.com/index.html#9)