Honduras: Mining Companies Demand Regulatory Framework
Spokepersons for the country's mining industry have once again asked congress to approve a law that enables the sector to be regulated.
Thursday, August 19, 2010
La Tribuna reports comments from Santos Gabino Carbajal, president of the Honduran Metal Mining Association (Anamimh in Spanish), saying that, "there is significant interest from foreign investors in bringing capital into Honduras of around $185 million but they lack sufficient legislation to enable them to do so".
The recently approved law prohibits exploration, extraction, exploitation and processing, at the surface or underground, and the use of toxic chemicals in any metal mining process.
The growth of the metal mining sector and the framework provided by a new mining law have generated interest from foreign companies.
A group of Chinese businesses has stated its interest in extracting non-precious metals such as iron, lead and zinc.
There is an unbeatable way to end with mining once and for all.
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