Goldquest Mining Corp V.GQC

Janne's post from CEO:CA, arbitration under considertation.

[Krishak5]

@janne Interesting article coming out today. CEO Luis Santana on arbitration. And Abinaders first minister says they must make a decision 'soon'. ** Minera would contemplate arbitration process of not obtaining a response on studies of the Romero project ** -Minister of the Presidency says they must make a decision "soon" -GoldQuest presents project to CODIA If the wait for a response from the State to GoldQuest 's request to carry out environmental impact studies on the Romero project in the San Juan province is extended, the mining company would consider initiating legal or arbitration processes, despite the fact that it understands that it would be an action of exclusion of value "that is not going to suit anyone". When asked if the mining company, with more than five years in the country, has an established response waiting period and what it would entail if the time of the request is extended, the president of the mining company in the Dominican Republic, Luis Santana, He told Diario Libre: "We don't have a deadline, we can't do that with the government." “At any time there could be a request and a vote in the Council that forces us to take a legal path, litigation or arbitration, which would be a process of exclusion of value that is not going to suit anyone. It is a risk that we have, that we are managing, but we do not have a specific date for that," Santana said. He reported that during the month of December the company has held high-level meetings with the government, specifically with the ministers of the Presidency, Energy and Mines and the legal consultant of the Executive Power. “There hasn't been any response, not positive, not negative,” Santana said. When asked if they have any information on President Luis Abinader's position on the issue, the representative of the Canadian mining company in the country indicated: "We have been requesting the opportunity to talk with him, as the first president, and to be able to define what is the situation with the project and so far we have not been able to achieve it”. Regarding interactions with residents in the southern province, Santana said that during October they carried out an uprising in the municipal district of Sabaneta, the closest to the project. “We visited some 2,000 houses and explained the project. We collected a survey, we did the same in the municipality of San Juan, we managed to visit 6,000 houses and we are doing the same now in January,” she said. He explained that this measure has been taken to have a diagnosis of the population's sentiment towards the project. “There is a lot of misinformation regarding the mine and, therefore, opposition. But when one explains that what is being waited for is the permit, not to build a mine, but to be able to do the studies, the perception changes”, he concluded. What does the government say about Romero? The Minister of the Presidency, Joel Santos, was consulted about the Romero project during Dilogo Libre. “We continue to evaluate the way to carry out the processes. We believe in mining , we have to make a decision, we have to make it soon," said the official. Santos stated that the mining sector will be fundamental in 2023, the year in which they aspire for the economy to grow above 4% "in more adverse international conditions than in 2022." "We need these sectors to grow faster and that provides a favorable condition for the government to promote mining and also promote a sector that is key, in addition to free zones, tourism, which is the construction sector and above all low-cost housing" added the minister.