Guatemala: $151 million for Lead Exports

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.

Wednesday, July 16, 2014

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.

Fernando Castellanos, Head of the Mining Department of the Ministry of Energy and Mines, told Prensalibre.com that "... the behavior is explained by the firms that began to work on the Escobal mine in San Rafael Las Flores, Santa Rosa, owned by Canadian Tahoe Resources.

Prensalibre.com reports that "... mining and quarrying activity shows signs of recovery in the economy, after having fallen behind. In the first quarter of 2013, the activity was in negative numbers. After that it maintained a moderate growth reaching 34% in the first quarter of 2014. "



More on this topic

Another Mining Company Suspended in Guatemala

July 2017

Minera San Rafael will have to cease operations after its two operating licenses were suspended as a result of a writ of protection granted by the Supreme Court of Justice to an environmental group.

Prensalibre.com reports that "... The licenses for El Escobal, approved in 2013, and Juan Bosco, in 2012, are suspended and as a consequence, the San Rafael mine must stop its operations. The extraction plants whose licenses are now invalid are located in Mataquescuintla, Jalapa, and Nueva Santa Rosa, Casillas, and San Rafael Las Flores, Santa Rosa."

Nicaragua: Precious Metal Exports Fall

May 2015

Low gold prices and weaker external demand account for 14% of the annual fall in the export of metal products for March.

In the first quarter of 20,700 ounces of gold were exported, down from the 73,800 ounces sold in the same period in the previous year. The main reason behind this decrease is the fall is the international price of gold, which has remained low over the past year and part of this year.

Guatemala: Lead mine starts Operations

May 2014

In the first quarter sales abroad of lead totaled $83 million, due to the operation of the San Rafael mine, which extracts silver, lead, zinc and gold.

In eighth place out of the top 25 export products of the country, foreign sales of lead in the first three months of 2014 were equivalent to $83 million, while in the same period in 2013 the figure was just $1.5 million , according to the Bank of Guatemala.

Lack of Investment in Oil in Guatemala

April 2012

At the start of every new government there is an attempt made to attract investors for new drilling and explorations, without results to date.

Despite the efforts of recent governments, in the last decade, domestic production of crude oil has fallen by 55%, going from 24, 671 barrels in the first two months of 2002 to 10,899 barrels in the same period this year.

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