1999News

Gypsum, salt and marble mines to be privatized

Preparations are underway for the holding of a tender for the partial privatization of the government’s marble,. gypsum and salt mines, now operating under the umbrella of the Corporation of State Enterprises (CORDE). The winner of the tender receives the right to operate the mines, as well as ownership of 50% of the stock. One project calls for the installation of a plant to process pre-fabricated housing components from the gypsum to be sold in the DR. Also contemplated is the construction of a port for the export of the gypsum and salt, leaving the present Port of Barahona for tourism uses. The tender is being organized by the Commission for the Reform of State Enterprises (CREP).