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NewsWhore
06-12-2007, 06:10 PM
The Dominican Mining Company (CORMIDOM) has announced that they will begin mining for gold, copper and silver in the Maimon area over the next few months. The mining facilities will be built at a cost of US$50 million and operations will require an investment of US$12 million per year, according to project manager Julio Espaillat. Espaillat says that CORMIDOM will employ around 350 people in construction and a further 200 will work permanently in production operations. An additional 1,000 people will be employed indirectly through the free trade zones. Estimates indicate that 200 ounces of gold, 30 tons of copper and 500 ounces of silver will be processed daily.

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