NewsWhore
08-22-2007, 05:20 PM
President Leonel Fernandez was happy to be handing out over RD$800 million to three provinces yesterday as the profits from the government's shares in Falconbridge were divided up. The government's CORDE (the Corporation for State-owned Enterprises) holds 285,982 shares in Falconbridge, the giant mining concern that extracts ferronickel from the hills in Bonao and La Vega provinces. Falconbridge funds administrative board members received the funds: Bonao received RD$613 million, La Vega received RD$83 million and Sanchez Ramirez (Cotui) received RD$98 million. Each province manages the funds it receives. For example, in Monsignor Nouel (Bonao) RD$100 million will be spent on health, education and construction projects with Bonao municipality receiving RD$50 million, Maimon receiving RD$25 million and Piedra Blanca getting the other RD$25 million.
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More... (http://www.dr1.com/index.html#9)