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 "...
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. "
A Congress committee has initiated an investigation into a new law that would prohibit mining within national territory.
The parliamentary initiative seeks to eliminate mining in El Salvador," a communication by the Legislative Assembly states.
"On the Committee for the Environment and Climate Change both the governing left and opposition right leaning parties are represented and all agree on the need to enact a law that bans the exploitation of the country's mineral resources," reports Laprensagrafica.com.
From August 12th to 14th representatives from companies in the mining industry in Central America and other countries will meet in Managua.
In the event being organized by the Chamber of Mines and the Ministry of Energy and Mines of Nicaragua topics related to the exploitation of mining in the region, the impact of mining on the environment, and the technical training required by the sector will be discussed, among other things.
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