DR1 Daily News - Dominican Republic

As the debate surrounding the Romero mining project in San Juan de la Maguana province continues to intensify, Canadian-based GoldQuest Mining Corporation has come under scrutiny not only for its international backing but for a significant, less visible layer of Dominican ownership. According to recent reporting from Diario Libre, a substantial portion of the company’s capital is held by Dominican investors operating through a society registered in a Caribbean tax haven.

The Dominican Connection: Guess Investments Ltd.The local interest is represented by Guess Investments Ltd., an entity incorporated under the laws of the Federation of Saint Kitts and Nevis. While registered in the offshore jurisdiction, Diario Libre reports that the company maintains a physical address in the exclusive Ensanche Piantini neighborhood of the National District.

Controlled by Dominican citizens, the company...