Economy September 2, 2022 | 9:35 am

Nickel mine ratchets extraction on demand spike

Santo Domingo.-The president and general manager of Falcondo, Ioannis Moutafis, announced this Thursday that the company will implement a project to produce batteries for electric cars.

He reported that an investment of 150 million dollars is estimated for the project, which will allow the creation of more than 500 direct jobs.

“Today, we want to announce that from the heart of Cibao we continue to innovate and work to place the country on the world map of green mobility with the implementation of a new hydrometallurgical project. As is known by many of those present, electric vehicles represent the mobility of the future, and the Dominican Republic has a great opportunity to take advantage of in this area,” said the Falcondo executive

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Paul Tierney
September 2, 2022 9:52 am

This is the seducing of the government before the company requests its permission to expand mining operations into questionable areas.