Analysis of Mining Activity in Central America

Conflicts over environmental protection and excessive bureaucracy in the process of granting concessions are the factors that limit the great mining potential in the region.

Thursday, November 6, 2014

The mining sector in Central America represents great potential for investment and business, however, it has so far contributed only 0.75% to the Gross Domestic Product (GDP), averaged from the six countries in the region, between 2008 and 2012. Costa Rica reported the lowest activity with 0.1% and Panama the highest with 1.7% of GDP.

The Department of Statistics of the General Secretariat of Central American Economic Integration told that "... Mining activity was positive only in Nicaragua and Panama, with 11.91% and 14.42%, respectively, between 2008 and 2012, and was negative in the other countries of the region. "

'... Of the six countries in the region, Nicaragua is leading the way for investors. According to a study by the United Nations Economic Commission for Latin America and the Caribbean (2013), the mining sector has been growing although more moderately than in 2011, at a rate of 8.2% (versus 23% in 2010). Meanwhile, the Chamber of Mines of Nicaragua reported that mining investments between 2009 and 2012 totaled $260 million. "

While "... Guatemala despite its potential has seen diminished exports due to the conflicts with indigenous groups and the temporary suspension of licenses by the central government. In 2013 there was a reduction of 6% compared to 2012 with a contribution of US $1.0826 billion. "

¿Busca soluciones de inteligencia comercial para su empresa?

More on this topic

A New Mining Company in El Salvador

September 2016

Companies in the sector point to the favorable geological conditions for this activity in the country and advocate that the suspension of concessions which has been in effect since 2009 be lifted.

Companies engaged in exploration and mining activities support their argument citing the new ways in which the activity now takes place, differentiating the artisanal mining techniques which were used in the past from those used in modern mining. 

Nicaragua Site of International Mining Congress

April 2016

On August 16 and 17 industry representatives from around the globe will be taking part in business conferences and lectures on the role of mineral resources and the impact of the activity on the economy.

The II International Mining Congress is being organized by the Mining Chamber of Nicaragua and will be held on August 16 and 17 in Managua.

The Mining Sector in Nicaragua

August 2014

In the last six years capacity mining production in the country has tripled and it is expected to increase even more with the startup of two new projects.

According to Denis Lanzas Cisneros, vice president of the Chamber of Mines of Nicaragua, one of the main reasons behind the growth of the sector in recent years is the regulatory framework which established the Mining Act, which "...

Mining Negotiations at Global PDCA Convention

January 2014

Representatives of companies in the sector and investors will meet from 2 to 5 March in Canada in order to take part in the business conference.

The Prospectors and Developers Association of Canada (PDCA) has organized since 1932 the Annual Mining Convention which is attended by companies involved in the industry of mining exploration and exploitation in various countries.