Guatemala: Uncertainty in Mining Sector

In one week seven projects were suspended and ten others could also suffer the same fate, while 611 license applications are under review.

Wednesday, June 15, 2016

Ten projects located in Santa Rosa, Quiché, San Marcos, Quetzaltenango, Huehuetenango, Totonicapan and Baja Verapaz are facing law suits for different reasons, from alleged violations of the human right to water to a breach of opposition administrative formalities.

The uncertain future of these projects has aroused suspicion in the private sector as there are 611 pending applications for mining licenses.

"... Data from the MEM shows that up to February 1, 2016, 343 mining licenses were in force in the country. For building materials there is 1 for exploration and 124 for exploitation. For metal ore, there are 46 for exploration and 35 for exploitation. For exploitation of non-metallic minerals there are 133 and five for exploration. " reports that "...In the area of construction materials, there are 47 for exploration and 62 for exploitation. For metallic minerals, eight are for reconnaissance, 291 for exploration and 24 exploitation".

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More on this topic

Mining Loses Prominence in Guatemala

August 2017

The contribution of mining activities to GDP has reduced in recent years, and recent cases of suspension of operating permits are not helping to improve the sector's image.

In 2012 the contribution of mining activities represented 2.8% of the Gross Domestic Product (GDP), but this proportion has been decreasing in recent years, falling to 1.1% of GDP in 2015. On top of this are the recent cases of suspension of exploration permits, which have generated uncertainty among the sector's entrepreneurs.  

Another Two Mines Suspended in Guatemala

June 2016

The Mining Exploitation Project Niquegua Montufar II, run by Compañía Guatemalteca de Níquel, and the one called Tajmulco II, by Montana Exploradora de Guatemala, have been suspended by the government.

A statement issued by the Ministry of Energy and Mines indicates that "...Adhering to the appeal granted by the First Chamber of the Court of Appeals of the Civil and Commercial Branch constituted in the Court of Appeal, the Ministry of Energy and Mines (MEM), notified Compañía Guatemalteca de Níquel (CGN), of the suspension of its authorization license for operating the mining exploitation project Niquegua Montufar II. "

Good News for Mining Sector in Guatemala

February 2016

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.

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.

Mining Companies Concerns in Guatemala

December 2012

Mining businesses are concerned about communities who are resistance to mining activities, delays in the approval of permits and amendments to the Mining Act.

Next on the list of concerns for the sector, is the evolution of the global crisis, which investments in the extractive industry are dependent on.

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