Guatemala: Marlin Gold Mine May Be SoldMonday, August 1, 2016 The sale of the mine is part of a marketing plan for some of the assets owned by the Canadian concessionaire Goldcorp. In addition to the operations of the Marlin mine, Goldcorp has put on sale its gold and silver mine Los Filos in Mexico, and also is studying alternatives to offload the Alumbrera mine in Argentina. Guatemala: Preparations for Closure of Marlin Gold MineTuesday, February 21, 2017 Goldcorp has announced that the process of closing the gold mine has already started and will be completed within four to five months. The company that owns the mine in San Marcos started the vegetation recovery process in 2012, when it finished open air exploitations, and is now completing the process of recovery in the underground area, which it expects to finish this year. 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. The Profits of Guatemalan Mining CompaniesWednesday, April 11, 2018 According to a recent study, companies that carry out mining activities in the country, operate with a profit margin of 22% before paying taxes. The report prepared by Central American Business Intelligence (CABI), details that companies in the mining industry operating in Guatemala can achieve extraction costs of up to 55%. Nicaragua: Access to Mining Project BlockedWednesday, August 9, 2017 Artisanal miners from the municipality of Santa Rosa del Peñón are preventing the entry of machinery into La India mine, where Condor Gold is carrying out exploration activities. The Chamber of Ministers of Nicaragua (Caminic) issued a statement expressing concern about "the situation in La India mine, where some members of the community are preventing the right to work of the inhabitants who are collaborators of Condor Gold, a company that generates employment and carries out exploration work there." In 2010, Guatemala Exported $528 million in Gold and SilverThursday, September 1, 2011 Mining in Guatemala pays 1% in royalties. In Colombia, the royalties are 4% and in Chile's mining industry pays the state 14% of gross sales. In the past five years, exports of silver and gold have increased from $14.6 million in 2005 to $528 million in 2010. El Escobal Mine Waiting for Operating LicenseFriday, May 4, 2012 Tahoe Resources, the Canadian company which bought the project from Goldcorp, has announced an investment of $500 million to extract the 300 million ounces estimated at the site. Tahoe Resources executives are only waiting for the Ministry of Energy and Mines (MEM) to authorize the operating license of the mineral project Escobal, in San Rafael Las Flores, Santa Rosa, in order to accelerate construction of a plant. Gold Mining in GuatemalaMonday, February 27, 2012 Radius Gold Inc. has received final permission to start building the Tambor gold mine in southern Guatemala, and plans to start mining in two or three months. The Tambor gold mine is a joint venture between Radius Gold Inc. and Kappes Cassiday and Associates (KCA). 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". Panama: Another Concession For Gold ProspectingFriday, October 5, 2012 Greenfield Resources has obtained a contract with the Ministry of Commerce and Industries for gold prospecting in the districts of Remance, San Juan and San Jose. From the Official Gazette 27,127: Reactivation of Gold Mine in PanamaMonday, May 26, 2014 Greenfield Resources has initiated efforts to request the reopening of the Remance mine, in which it plans to invest $110 million. 16 years since the closure of the mine, caused by the collapse of the gold price in the international market, the Panamanian company Greenfield Resources Inc. has asked the National Environmental Authority (ANAM) for approval of an environmental impact assessment (EIA) in order to reactivate their exploitation activities. The site in the province of Veraguas has projected a production life of 12 years and to exploit it the company plans to install a plant with initial capacity to process 5000 tons per day of the material, with projections to increase this to 7000 tonnes. Mining Company Still Not OperatingTuesday, August 21, 2018 In Guatemala, the company Minera San Rafael, whose operations remain paralyzed pending a final decision by the Constitutional Court, announced the dismissal of another 200 employees. The delay on the part of Constitutional Court of Guatemala continues to take its toll on the mining company, which has been unable to operate for more than 400 days. Mining Company in Guatemala for Sale?Thursday, November 15, 2018 The Pan American Silver mining company reported that it is interested in buying the shares of Canadian Tahoe Resources, the company owning Mina San Rafael in Guatemala. Representatives of Minera San Rafael confirmed that interest exists by Pan American Silver, the world's second largest silver mining company with operations in Mexico, Peru, Bolivia and Argentina, in buying Tahoe Resources. Guatemala: $151 million for Lead ExportsWednesday, July 16, 2014 The increase in sales of lead abroad has been attributed to the shipments that have begun from the Escobal mine, belonging to Canada's Tahoe Resources. Lead exports increased by $141 million between January and May this year compared to the same period last year, according to the Central Bank of Guatemala. Opposition to Mining Law ReformTuesday, July 3, 2012 Mining companies in Guatemala are opposing the state being able to become their business partner, noting that it may be the prelude to nationalization or confiscation. Article 125 of the bill to reform the current legal framework for the extractive industries in Guatemala, would enable the state to have participation in companies that exploit natural resources. |
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