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[BUSINESS] · Dominican Republic · 2 sources

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Falconbridge Dominicana mining concession cancelled in Dominican Republic

The Superior Administrative Court (TSA) has terminated the mining concession held by Falconbridge Dominicana (Falcondo) for the Quisqueya I site, ending a contractual relationship that spanned nearly seven decades. The ruling, issued on August 12, 2026, cancels contracts originally signed in 1956 and 1969 covering a 22,392-hectare deposit across the La Vega and Monseñor Nouel provinces.

The decision follows an action brought by the Fund for the Reform of State Enterprises (Fonper) on behalf of the Dominican state. The court found that Falcondo breached essential legal and contractual obligations, including resource exploitation, economic and labor requirements, and technical disclosure mandates. A key factor in the ruling was a certification from the General Directorate of Mining confirming that productive operations at Quisqueya I had been paralyzed since November 17, 2023.

Additionally, the company failed to submit required bi-annual progress reports for 2023, 2024, and 2025, as well as annual operational reports for 2023 and 2024. The court determined these omissions undermined the objective of active resource extraction and transparency. While the concession is cancelled, the court clarified that this does not automatically trigger the corporate liquidation of Falcondo as an enterprise.

Entities

Falconbridge Dominicana · Fund for the Reform of State Enterprises · General Directorate of Mining · Quisqueya I · Superior Administrative Court