Guatemala Wants More Mining

The Presidential Commission for Integral Development is analyzing the establishment of a framework covering all aspects of the use of natural resources.

Tuesday, March 27, 2012

This initiative emphasizes two main areas of interest, which are the rural economy and private investment in rural areas, explained the Guatemalan President Otto Perez Molina.

The president said that there are still three concessions that have not been put out to tender: two are in Petén, Alta Verapaz and another one in Huehuetenango, reported Lahora.com.gt.

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Mining Potential in Nicaragua

August 2017

Metallic and non-metallic mining projects granted in concession cover 8.4% of the country's land area, but less than 1% are in operation.

From a report by the Chamber of Mining:

Of each dollar generated from metallic mining, 0.66 cents remain in Nicaragua in the form of payments for taxes, remuneration and acquisition of local goods and services. This is one of the main conclusions of the study entitled 'Analysis of mining activity in Nicaragua 2006-2016', prepared by the economist Néstor Avendaño, president of Consultores para el Desarrollo Empresarial S.A. (COPADES).

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A bill proposes the creation of a public mining company, which would be able to participate in concessions and form associations with other public or private companies.

Elnuevodiario.com.ni reports that "...Some of the functions that this law would have is to carry out feasibility analysis to set up mineral processing establishments in areas with mining potential, within concession areas; and market products derived from the exploitation of mineral resources. "

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August 2015

The mining union is complaining about lack of controls on growing illegal mining activities, driven by the need to avoid torturous bureaucratic formalities.

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The Mining Sector in Nicaragua

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In the last six years capacity mining production in the country has tripled and it is expected to increase even more with the startup of two new projects.

According to Denis Lanzas Cisneros, vice president of the Chamber of Mines of Nicaragua, one of the main reasons behind the growth of the sector in recent years is the regulatory framework which established the Mining Act, which "...

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