Analysis of the mining sector in Guatemala

A study reveals the state's inability to meet the demands for services and road infrastructure that arise when a mining project is set up.  

Thursday, March 13, 2014

"Mining in Guatemala's economy in 2011 accounted for 2.8% of the production of goods and services nationwide .... By 2012, the total tax contribution of the mining sector was $62,496,766 equivalent to 5.7% of production of mining and quarrying," indicated the Central American Institute for Fiscal Studies (ICEFI).

"The IBIS-Icefi consortium proposed as a solution to begin a process of legal and institutional reforms in order to change the approach to mining in Guatemala, to move from a structure which promotes to one that regulates."

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