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Dominican Court Ends Falcondo Nickel Concession

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Caribbean · MINING

Key Facts

—Judgment: Second Chamber, Tribunal Superior Administrativo, ruling 0030-03-2026-SSEN-00332.

—Issue date: 12 August 2026, terminating concession contracts from 1956 and 1969.

—Area: 22,392 hectares in La Vega and Monseñor Nouel provinces, Quisqueya I.

—:Operations halted since 17 November 2023, per Dirección General de Minería.

—Owner: Americano Nickel Limited, subsidiary of Global Special Opportunities Limited.

—Guyana: GY$496.3M water bottling allocation, not a contract value.

A Dominican court has terminated the Falcondo nickel concession for breach. Jamaica installs a new central bank governor. Guyana moves ahead with a Hyatt hotel expansion.

A Dominican court has terminated the mining concession held by Falconbridge Dominicana (Falcondo) for nickel extraction. The judgment, issued on 12 August, ends contracts signed in 1956 and 1969 for breach.

Falcondo nickel concession area in the Dominican Republic

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Court Ends Falcondo Nickel Concession for Breach

The Second Chamber of the Dominican Republic’s Tribunal Superior Administrativo (TSA) ordered the termination of mining concession contracts for Quisqueya I. The decision is in judgment number 0030-03-2026-SSEN-00332, issued on 12 August 2026.

The concession covers 22,392 hectares between La Vega and Monseñor Nouel provinces. The contracts date from 1956 and 1969, making the concession nearly seven decades old.

The court cited a certification from the Dirección General de Minería stating extraction has been halted since 17 November 2023. The TSA found failures related to economic and labor obligations, plus missing technical reports.

Falcondo did not submit semiannual progress reports for 2023, 2024, and 2025. It also failed to file annual operations reports for 2023 and 2024.

The case was filed by Fondo Patrimonial de las Empresas Reformadas (FONPER) for the Dominican State. The State retains a 9.5 percent stake in the company.

The TSA ruled that Falcondo breached economic and labor obligations and failed to deliver required technical information. The court also cited a certification from the Dirección General de Minería that extraction halted on 17 November 2023.

Falcondo did not submit semiannual progress reports for 2023, 2024, and 2025, nor annual operations reports for 2023 and 2024. The case was filed by Fondo Patrimonial de las Empresas Reformadas for the Dominican State.

Owner and Company Response

Falcondo is owned by Americano Nickel Limited, a subsidiary of Global Special Opportunities Limited. The parent company bought the ferronickel operation from Glencore in August 2015.

The company faces more than US$100 million in liabilities to contractors and suppliers. It also faces about RD$300 million in labor claims from former employees.

Falcondo had not commented publicly as of 18 August. The court ruling did not specify employment figures or production tonnage.

The site’s future remains unclear. No announcement has been made about asset disposal or remediation.

Jamaica Names New Central Bank Governor

Dr. R. Brian Langrin has been appointed Governor of the Bank of Jamaica (BOJ), effective 19 August 2026.

The appointment was made by the Governor General on Cabinet’s recommendation under the Bank of Jamaica Act.

The Bank of Jamaica announced the appointment, not the Finance Ministry. Finance Minister Fayval Williams convened the search committee in April 2026.

Langrin succeeds Richard Byles, whose seven-year term ended on 18 August 2026. Byles had led the central bank since 19 August 2019.

Langrin holds a PhD in economics from Pennsylvania State University. He brings decades of experience in central banking and financial stability.

The appointment was made by the Governor General on Cabinet’s recommendation under the Bank of Jamaica Act. The Bank of Jamaica announced the appointment, not the Finance Ministry.

Impostor Episode Reported Separately

A separate episode involves an impostor posing as White House Chief of Staff Susie Wiles. The impostor exchanged messages with British Prime Minister Andy Burnham, who became suspicious and ended contact.

The British Embassy in Washington informed the White House, as reported by Politico on 17 August 2026. The White House said the incident was not related to any hack of the Chief of Staff’s devices.

No Jamaican body was involved in the episode. The Gleaner republished the wire story, but it has no connection to the Bank of Jamaica.

The White House said the incident had nothing to do with the Chief of Staff’s devices being hacked. No Jamaican body was involved in the episode.

Guyana’s Hyatt Hotel Expansion

Hyatt announced on 13 August 2026 that Atlantic Suites Hotel has joined its portfolio. It is Hyatt’s first affiliated hotel in Guyana.

Atlantic Suites, with 80 rooms, will be integrated with a new adjoining tower to create Hyatt Regency Georgetown Guyana in 2028. The expansion will cost about US$50 million and bring the total to 240 guestrooms and suites.

Hyatt also plans to add Hyatt Place Georgetown Guyana later this year. This property will feature 136 guest rooms, a rooftop bar, an outdoor pool, and free breakfast.

No investment value for the Hyatt Place project has been announced.

Hyatt also plans to add Hyatt Place Georgetown Guyana later this year. This property will feature 136 guest rooms, a rooftop bar, an outdoor pool, and free breakfast.

Water Utility Budget Dispute

A GY$496.3 million state-owned water bottling plant under Guyana Water Incorporated (GWI) has sparked controversy. The figure is a supplementary budget allocation, approved by the National Assembly in early August 2026.

ALP leader Simona Broomes and APNU MP Saiku Andrews demand suspension of the project. The Guyana Manufacturing and Services Association (GMSA) warns about crowding out private bottlers.

President Irfaan Ali defended the project. He said GWI is not in competition with anyone and has a responsibility to provide safe, affordable drinking water.

No specific contract between GWI and a named supplier is documented. The allocation is not a contract value.

ALP leader Simona Broomes and APNU MP Saiku Andrews demand suspension of the project. The Guyana Manufacturing and Services Association warns about crowding out private bottlers.

Frequently Asked Questions

What did the Dominican court decide about Falcondo?

The Second Chamber of the Tribunal Superior Administrativo (TSA) ordered the termination of mining concession contracts for Quisqueya I. The judgment number 0030-03-2026-SSEN-00332 was issued on 12 August 2026.

When did Falcondo stop operations?

Extraction activities at Quisqueya I have been halted since 17 November 2023. This was certified by the Dirección General de Minería and cited in the court judgment.

Who is the new Bank of Jamaica governor?

Dr. R. Brian Langrin became Bank of Jamaica governor on 19 August 2026, succeeding Richard Byles, whose term ended 18 August 2026.

What is the value of the Guyana water bottling plant?

The state-owned water bottling plant under Guyana Water Incorporated (GWI) has a GY$496.3 million allocation. This is a supplementary budget allocation, not a contract value.