Deal #3721

Location #1

Spatial accuracy level
Administrative region
Location
Monseñor Nouel, República Dominicana

Target country
Dominican Republic

Land area

Size under contract (leased or purchased area, in ha)
[201133912] 2245
Comment on land area
The Cerro de Maimón Deposit falls entirely within the 2,245 ha Cerro de Maimón Mining Block C-1 which is subscribed as the Mining Exploitation Concession - Resolution No. IX-03 of April 11, 2003.

Intention of investment

Intention of investment
Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
Concluded (Contract signed)

Implementation status

Implementation status
In operation (production)
Comment on implementation status
Exploitation Concessions are granted by the Dominican Government for 75 years. Production at the mine Cerro Maimon began in 2008. The mine produced 20,168,000 pounds of copper, 15.900 oz Au and 652.200 oz Ag in 2010. Is expected to produce 229 million pounds of copper, 130,000 ounces of Au and Ag 4.1moz between 2008 and 2017.

Contract #1

Duration of the agreement (in years)
75

Operating company

Operating company
Name of investment project
THE CERRO DE MAIMÓN PROJECT

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Company sources
File
Date
2007-08-21

Detailed crop, animal and mineral information

Resources area
Coal, Copper, Gold

In country processing of produce

In country processing of produce
Yes

Overall comment

Overall comment
The Cerro de Maimón deposit is located on the western margin of the Hatillo 1:50,000 scale published topographic map. Access to the mine site is via Highway 1 from Santo Domingo (Autopisto Duarte or Carretara Duarte), which is a modern 4-lane highway (2-lanes in each direction) with shoulders capable of supporting heavy equipment and traffic. The road leaving Highway 1 at Piedra Blanca and going to Maimón is a 2-lane paved road with some shoulders. From Maimón, another 2-lane paved road with few shoulders leads east toward Los Martinez for approximately 4.5 kilometers. From this location, the mine site is accessed by heading through a fence line, due south via an unimproved road for a distance of approximately 1.8 kilometers to the project site. Under CMD’s agreement with the local communities, this road will be upgraded to a paved road. The bulk of the mine and process equipment used at Pueblo Viejo was transported over the paved roads referenced above including mine trucks, crushers and mills. There are no railroads near the project site.

May 14, 2013, 6:54 p.m.

overwritten

This version

Compare with previous version

May 9, 2013, 12:39 a.m.

active

Show this version

First version

There are no comments to this deal yet.

Add a comment

(mandatory)
(mandatory)
(mandatory)

I've read and agree to the Data Policy.