Guatemala: Canadian Mining Corporation Explores Silver DepositMonday, March 15, 2010 Montana Exploradora, a subsidiary from Goldcorp, is exploring a silver deposit located on the east of Guatemala. Jorge Sandoval, advisor to the company, explained that the deposit could be classified as a “world-class” asset, due to its size. They estimate it could yield 130 million ounces. Guatemala: Marlin Mine Production to Increase 35%Monday, February 7, 2011 Goldcorp plans to increase production from 296.100 ounces of gold in 2010 to 400.000 in 2011. If the goal is met, it would be the second highest percentage growth. Guatemala: 75% Increase in Amount of Minerals ExportedTuesday, May 31, 2011 Due to the rising prices of gold and silver, the amount exported in the first quarter increased from $100 million in 2010 to $177 million in 2011. The upward trend in exports was already reflected last year in 2010, when they showed an increase of 52% in monetary terms in relation to 2009. Guatemala Awards Mining LicensesFriday, September 21, 2012 After two years of not granting mining licenses, the Ministry of Energy and Mines has approved exploration in the departments of Alta Verapaz, El Progreso, Zacapa, Jalapa, Jutiapa, Quiche and Santa Rosa. Of the one hundred and eighty applications that were pending, the Ministry has already resolved one hundred, said the head of the ministry, Erick Archila. Guatemala: End of Cycle for Marlin MineWednesday, March 18, 2015 The mining company is progressively reducing gold extractions and will achieve total closure in 2017, while efforts begin to recover the area. During 2013 202.200 ounces of gold were extracted, while in 2014 a decrease was reported of at least 185,000 ounces. It is expected that production this year will be equal to or lower to those last year and 2016 is expected to be the last year that extractions will be made, projecting approximately 150,000 ounces. Goldcorp Minera Agrees to Pay Higher Royalties in GuatemalaWednesday, October 26, 2011 In light of discussions in Congress over the mining reform project, representatives from mining companies are warning that royalties that should not exceed 8%. Mario Marroquin, executive director of Golcorp in the country, said his client would abide by the decision arising from the reform, but warned that a percentage larger than 8% would be untenable for any mining project. Guatemala: Marlin Mine Continues Operating NormallyFriday, June 25, 2010 The temporary suspension announced by President Alvaro Colom won’t take effect immediately. Representatives from Goldcorp, owner of the mine, remarked that they will continue operating while the investigation takes place. Goldcorp Retains Investment in GuatemalaMonday, July 19, 2010 Company directors say that they will continue to expand with new "Cerro Blanco" project. Almost two months since the Inter-American Commission on Human Rights (IAHCR) recommended to the Guatemalan government that Goldcorp's operations at the Marlin mine be suspended, the administration has ordered a review to determine whether or not a suspension is appropriate. Meanwhile, Goldcorp continues its operations in the country. Guatemala: Goldcorp Mining with Record SalesThursday, January 27, 2011 The Canadian miner reported gold and plant exports from the Marlin mine for $ 449.7 million in 2010. Mario Marroquin Rivera, executive director of Goldcorp, explained that the total export of gold was $ 368 million and silver sales totaled $ 131 million. Temporary Closure of Marlin Mine Ordered in GuatemalaThursday, August 5, 2010 The country's attorney general has ordered all activity to cease while complaints are investigated. The order to suspend mining activity, directed at the Guatemalan Ministry of Energy and Mines (MEM), is a response to the precautionary measure issued by the Inter-American Commission on Human Rights (IAHCR). Guatemala: Mining Royalties by Type of MaterialTuesday, April 16, 2013 Royalties on mineral holdings in Guatemala will be imposed on three levels related to the base value of the extracted material. According to Mario Marroquin, president of the Union of Mining and CEO of the company Montana Exploradora (main extractor of gold and silver in Guatemala), precious metals are those with the highest and there are other lower rates for base metals and non-metallic minerals. Company Profile
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CONSUMER STUDIES
Tourism and Travel: Consumer Interests and PreferencesTuesday, May 14, 2019 In Costa Rica, 5% of people who show interest in traveling are attracted by adventure tourism, and about 40% of them are between 21 and 30 years old, and have a high level of purchasing power. An analysis of consumer interests and preferences in Costa Rica, compiled by CentralAmericaData's Trade Intelligence Unit, provides interesting results on the characteristics of people who express an interest in travel. [GRAFICA caption="Click to interact with graphics] Another Two Mines Suspended in GuatemalaThursday, June 9, 2016 The Mining Exploitation Project Niquegua Montufar II, run by Compañía Guatemalteca de Níquel, and the one called Tajmulco II, by Montana Exploradora de Guatemala, have been suspended by the government. A statement issued by the Ministry of Energy and Mines indicates that "...Adhering to the appeal granted by the First Chamber of the Court of Appeals of the Civil and Commercial Branch constituted in the Court of Appeal, the Ministry of Energy and Mines (MEM), notified Compañía Guatemalteca de Níquel (CGN), of the suspension of its authorization license for operating the mining exploitation project Niquegua Montufar II. " Guatemala: Mining Exports Down 20%Monday, August 8, 2016 The decline in production and lower international prices explain the 20% drop in sales abroad in the first half of the year compared to the same period in 2015. The results from the first half of the year come at a time when the suspension of several mining licenses has started to cause uncertainty among companies and concessionaires in the sector. See: "Another Two Mines Suspended in Guatemala" and "Mining Moratorium Proposed". |
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