The general director of Mining, Rolando Muñoz Mejía, reported that in the next three years investments of US$3.4 billion are programmed to extend the useful life of existing mines and for new extraction projects, in an environmentally responsible context.
He spoke after a meeting with the governor of the Central Bank of the Dominican Republic (BCRD), Héctor Valdez Albizu, and the adviser to the executive branch for the same sector, Miguel Peña De Los Santos, in which the importance of the mining sector was analyzed. for the economy.
At the meeting, it was highlighted that the added value generated by mining within the Gross Domestic Product (GDP) in the Dominican Republic in 2020 amounted to RD$89,231.2 million, equivalent to 2.0% of GDP, the most important items being the gold, sand, gravel and gravel, ferronickel, silver, marble, copper, and plaster.
Muñoz Mejía and Peña De Los Santos requested the support of the Central Bank for the creation of a mining satellite account, subject to international methodological requirements, and the establishment of an information exchange system between the General Directorate of Mining and the Department of National Accounts of the Central Bank, to facilitate the analysis of the contributions of mining to the country’s economy in greater detail and disaggregation.
For his part, Valdez Albizu welcomed the proposal to carry out detailed studies of the mining sector in the country and its impact on GDP, as well as the interaction and linkages of mining with the rest of the economic activities and in particular with the construction.
Along these lines, as an example, it was pointed out that cement production is increasingly important in the country.
Source:
Hoy
