The concessionaires of the India and San Albino Murra mines are carrying out the feasibility studies needed to obtain approval to begin operations.
The India mine, owned by the concessionaire Condor Gold, is the one which is closest to operations, assuming the feasibility studies give good results.
Carlos Zarruck, Director of Mines at the Ministry of Energy and Mines (MEM), said in an article on Laprensa.com.ni that "investment by the company in this area amounts to $150 million. "India Mine is the next industrial that could be the same size as El Limon mine or the Bonanza mine, in terms of exploitation," he added.
The Government approved the swap of gold mine concessions between B2Gold Corp and Condor Resources.
Under the agreement between the two companies the concessions known as "La India" and "Espinito San Pablo" will be unified under the name "La India Gold" and will be owned 80% by Condor and 20% by B2Gold Corp.
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