NewsWhore
06-21-2011, 05:20 PM
The long-awaited mining "boom" in the south Cibao region is beginning to be felt with the arrival of new banks, the construction of new small hotels and apartments and the search for building lots for the supermarket chains. In less than a month, according to Diario Libre, branches of Business Incubator, Banco Leon and the Curacao Trading Company have opened up in Cotui as well as a new restaurant. At the same time some 56 apartments in eight buildings have been completed, there are two construction projects, one with 16 apartments and the other with 20 and a 32-room hotel was recently inaugurated in Maimon. Moreover, Bancotui will form an alliance with the Duarte Savings and Loan Association in order to enter the real estate business with 20 mortgages.
Bancotui general manager Julio Tejeda, Business Incubator general coordinator Ramon Antonio Diaz, Pueblo Viejo Dominicana consultant Enrique de Leon and Guillermo van der Linden, an advisor to the entity reported on these developments, adding that the mining sector has switched from a -5.5% contraction in the first quarter of 2010 to a 42.5% expansion in the first quarter of 2011, headed by the ferrous-nickel production in Bonao and silver and copper from Maimon. There has also been growth in the areas of marble, limestone, sand and gravel extraction.
More... (http://www.dr1.com/index.html#7)
Bancotui general manager Julio Tejeda, Business Incubator general coordinator Ramon Antonio Diaz, Pueblo Viejo Dominicana consultant Enrique de Leon and Guillermo van der Linden, an advisor to the entity reported on these developments, adding that the mining sector has switched from a -5.5% contraction in the first quarter of 2010 to a 42.5% expansion in the first quarter of 2011, headed by the ferrous-nickel production in Bonao and silver and copper from Maimon. There has also been growth in the areas of marble, limestone, sand and gravel extraction.
More... (http://www.dr1.com/index.html#7)