Good News for Mining Sector in Guatemala

The new Morales administration is opposed to the possibility of implementing a mining moratorium and promises to accelerate the review of license applications which are awaiting approval.

Tuesday, February 9, 2016

Arguing that the need to create jobs and economic development in areas outside of the capital, Morales administration officials announced that they will not implement a moratorium on exploration and mining in the country. Deputy Minister of Sustainable Development, Roberto Velasquez, said that "... 'A mining moratorium makes no sense because the country is at a critical juncture, where poverty rates are alarming.' "

Victor Aguilar, Deputy Minister of Mines and Hydrocarbons, told Prensalibre.com that they will review pending applications and expedite the procedures for granting approval. "... The files will be analysed in detail to see the impact of the project, compared to the social benefits that it may represent, and approaches with communities will be undertaken. "

"... Data from the MEM refers to the fact that up to February 1 of this year there were 611 pending applications, of which 323 are for metal ores, 179 non-metallic minerals and 109 for building materials. There are 343 active licenses.

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