Costa Rica lifts measures prohibiting gold mining

President Oscar Arias has signed a decree lifting the six-year prohibition of new mining projects.

Thursday, April 24, 2008

The decree calls for measures to safeguard the environment from damage that could be caused by mining activities.
"Mining can be carried out so long as it maintains environmental, social and economic viability," said Environment and Energy Minister Roberto Dobles.
Dobles said the safety measures include a mining company guarantee to protect surface waters and groundwater.
The state will monitor the activity until the entire process of exploration and exploitation has been completed.
One of the safeguards orders that for each tree cut down in the mining process the company must plant three others.
At present there are two major open pit mining projects ongoing: in Montes de Oro, Puntarenas and in Crucitas, San Carlos.

More on this topic

Costa Rica condemned for mining practices

April 2008

The Third Forum of the Cocibolca Lake and San Juan River strongly condemned the Costa Rican government for authorizing the open pit mining operation at Crucitas yesterday. Members of the non-governmental organization pointed out the enviromental threat represented by the mine, which is just three kilometers from the San Juan River.

Before issuing its statement, the director of the Rio Foundation, Antonio Ruiz, delivered to the government copies of the resolution of Costa Rica's Technical National Environment Secretariat and a resolution signed by the Minister of Environment and Energy, Roberto Dobles Mora, which exhausted the administrative process, granting environmental viability to the Crucitas project.

Mining Exploration Concession in Nicaragua

May 2009

Condor Resources Plc Company won the concession for mining exploration in Santa Barbara, an area of 16 square km.

The international company has concessions in Nicaragua and El Salvador. The new Santa Barbara concession is adjacent to Cacao concession which is 16 square kilometers and also held by Condor.

Honduras’ Mining Potential

February 2013

The approval of the Mining Act has peaked the interest of investors interested in the exploration and exploitation of minerals, which could contribute up to $3.5 billion. reports that "Santos Gabino Carvajal, president of the National Association of Metal Mining in Honduras (Anamimh), said that in the last seven years Honduras has not received a single dollar in mining investment, despite its great potential, and that all investments planned in the country were diverted to Nicaragua and Colombia. "

Inmet and Lundin Mining Cancel Merger

April 2011

Inmet Mining Corp, owner of the copper mining project “Panama Cobre” (Minera Panama S.A.), canceled its merger plans with Lundin.

The companies failed to have the agreement approved by the shareholders of both corporations.

“Back in March, executives from Inmet had announced that this association assured Inmet the funding required to develop the 13.000 hectares copper project”, reported

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