NewsWhore
03-31-2008, 04:50 PM
The director of mining, Octavio Lopez has announced the discovery of jade deposits in the Cordillera Septentrional. The jadeite variety of jade is highly prized by jewelry manufacturers and is fairly rare. According to Lopez, this is the third precious stone located in the Dominican Republic, together with amber and larimar. Jadeite is only found in Brazil, Burma and China, and can produce beautiful gems. The mining director said that the discoveries were made in the area around San Francisco de Macoris and Rio San Juan, near Loma Magante. Lopez revealed the news during the 18th Caribbean Geological Conference in Santo Domingo. He said that he expected a US$4 billion investment in mining over the next four years. Gold, copper and silver will be mined in Maimon, and the Pueblo Viejo mine plans to begin construction of a new plant that will process billions of dollars worth of gold. The construction of the new facility is due to take more than 40 months.
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More... (http://www.dr1.com/index.html#6)