Guatemala Iron Sand Exploration

The Ministry of Energy and Mines extended in six months the license to G4G Resources to explore the iron sands on the pacific shores.

Friday, October 8, 2010

The Ministry of Mines and Energy had granted in April a license to explore an area of 2,492 square kilometers.

Elperiodico.com.gt reports Brasil Botha, CEO of G4G Resources, as saying "... after an evaluation the presence of iron on the beaches of Guatemala was determined, located in an excellent position to meet the rapid growth of iron and steel markets. In terms of comparison, iron beaches in Guatemala are similar to the existing world-class deposits in New Zealand who have supplied steel producers since the seventies."

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