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.
The company founded with Guatemalan and Mexican capital Carbox has invested $7 million in the installation of a plant with capacity to extract 48 tons of gas per day.
The company which opened the plant in Rio Cuarto de Grecia in Alajuela will be able to remove 48 tons of carbon dioxide (CO2) per day and convert it into liquid, which will then be exported by land to Central American countries.
A plant is to be installed in Colon that will have initial capacity to extract approximately 90 thousand tons of oil per year.
Producers from the sector of Sheba, in the Caribbean department of Colón, are to invest $15.7 million in the installation of an oil palm extraction plant, projecting an approximate annual income of 4.2 million.
In Puerto Cortés a plant is being built which will have initial an capacity for extraction of crude oil of 10 thousand tons per year.
In the community of El Mango, Baracoa, construction has started of a plant for extracting palm oil with an investment of $12 million. The new plant will begin operations in 2015, with a capacity of 50 thousand tons of fruit, from which 8000 tons of crude oil can be can extracted and 2,400 tons more from the second year.
A new prosperity acquired by Nicaragua's economy, especially in infrastructure, is being reflected in extractive activities related to construction.
The boom experienced by the construction sector has led to the extraction of materials such as crushed stone, sand and other things for the manufacture of blocks, pavements, cement and other products required by public and private works.
Pura Vida Drilling and Well Services is a modern and innovative well drilling company that strives to provide our customers with the most efficient and cost saving measures pertaining to ground water extraction.
We have imported all of our drilling equipment from the United States and only install water wells using U.S. technology. All of our crew members are experienced, seasoned well drillers. Most have more than 20 years of drilling experience.
Operates in Costa Rica, Nicaragua and Panama
Phone: (506) 2450 5300 - (506) 7291 7165
Armstrong Equipment, Inc. is an American based company that specializes in the distribution to Latin America of equipment and parts used in the mining sector, rock crushing and asphalt paving.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (305) 592 8361