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The Dominican Republic on Tuesday said it will create a state mining firm to explore for and exploit the nation’s key mining resources, including rare earth minerals.
The Dominican presidency said in a statement that the firm, Empresa Minera Dominicana SA, or Emidom, will explore, exploit and run economic viability studies on the country’s natural resources. President Luis Abinader named Jose Ignacio Paliza, the president of his Modern Revolutionary Party party to minister of the presidency ahead of the inauguration of his second four-year term in office.
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