Costa Rican government will not provide more mining concessions

The Executive Power reported that it has no plans to grant more surface mining concession in addition to the Crucitas and Bellavista projects.

Friday, December 5, 2008

This was the answer by Minister of the Environment, Roberto Dobles, in response to the moratorium issued by the Peace with Nature Initiative (IPN) as open air mining is considered to negatively impact the environment.

More on this topic

Panama: Mining Concessions Paralyzed

July 2015

Entrepreneurs in the sector point out that delays in granting licenses for mining constitute a virtual moratorium, preventing investment and encouraging illegal mining.

In the view of representatives of the sector, "... 'The fact that new concessions are not granted, unfortunately, is a de facto moratorium '... " said Zorel Morales, president of the Mining Chamber of Panama (Camipa).

Analysis of Mining Activity in Central America

November 2014

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.

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.

Guatemala Grants Mining licenses to Russians and Canadians

April 2013

Compañía Guatemalteca de Níquel, S.A. and Minera San Rafael S.A have been granted permission to undertake controlled mining activities in two sectors of the country.

From a press release issued by the Ministry of Energy and Mines of Guatemala (MEM):

This morning (yesterday) authorities at the Ministry of Energy and Mines (MEM) reported the granting of two mining licenses, identified as SEXT-015-11 "ESCOBAL" to company "MINERA SAN RAFAEL, SA" and SEXT-019-11 "Proyecto de Explotación Minero Niquegua MONTÚFAR II" for company "Compañía Guatemalteca de Níquel, S.A.".

Mining in Central America

June 2010

El Salvador and Costa Rica say NO. Panama and Nicaragua say YES. Guatemala and Honduras are expected to decide soon.

Gold and copper prices are on the rise, and investors are eager to put money in extraction projects all over Central America.

But the governments of Central America have different opinions over this industry.

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