The Canadian mining company received authorization to operate the El Dorado mine in 2002, during the administration of President Francisco Flores, but his successor Antonio Saca announced - and followed through on - that he would not authorize any mining project, a position also held by the current President Mauricio Funes.
Roads closed, reservations canceled, passenger diverted to other regions, disruption of water, electricity and telephone services and damage to infrastructure.
Tourism was one of the most affected by the passage of Tropical Storm Tomas, leaving 6 out of 10 companies with some damage, according to a survey done by the National Chamber of Tourism (CANATUR) to 80 companies and tour operators in all tourist regions.
The report from Guatemala's development foundation highlights improvement in key economic indicators as well as the impact of tropical storm Agatha and the Pacaya volcano eruption.
According to the country’s Consumer Price Index (CPI) compiled by the national institute of statistics, inflation for the first six months of the year to June rose 2.7%. The increase year-on-year was over 4%, in part due to the natural disasters that hit Guatemala in the second half of 2009.
Fitch Ratings analyzed how insurers will cope with Pacaya Volcano and Agatha tropical storm in Guatemala, Honduras and El Salvador.
On a preliminary basis, Fitch considers that the insurance industry in Guatemala, Honduras and El Salvador will not be significantly affected by the disasters triggered by Pacaya Volcano and Agatha tropical storm.
Constructora Celaque is a leader when it comes to construction of civil projects and mining in Honduras with more than 15 years of experience.
Operates in Honduras and Honduras
Phone: (504) 2239 6794 - (504) 9905 7845
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