Honduran Industrialists Push for Mining Law

They point to the mining potential as a decisive factor for the country’s development, having the capacity to attract investments of $14 billion.

Monday, November 5, 2012

An article in Tiempo.hn reports that "The National Association of Industrialists (ANDI) is urging the National Congress to approve the new Mining Act in order to attract foreign investment in the order of 280 billion lempiras, about $14 billion.

Adolfo Facussé, president of ANDI, said "Honduras has great mining potential, but its exploitation should be regulated." He said the industry could generate about 2,000 jobs, with only four international companies being installed in the country.

"In addition, the companies would pay enough taxes to solve all the problems the government has with teachers, health and road infrastructure", added the official. The ANDI supports mining if three conditions are met, which are: respect for the environment, high tax payments and benefits to communities, he said.



More on this topic

New Mining Law in Effect In Honduras

April 2013

The regulation allows surveys to determine if there is evidence of mineral deposits anywhere in the country, except in specifically excluded areas.

The General Mining Law, approved in January by the Honduran Congress, became effective upon publication in the official newspaper of the Republic, La Gaceta.

Modernization of the Mining Law Urged

August 2012

"The state’s challenge is to modernize the mining industry sector ", said Eric Clay, Minister of Energy and Mines in Guatemala.

Diálogo Libre interviewed the Minister of Energy and Mines regarding the reforms to the current mining law, and the interview was published by Prensalibre.com.

Honduras Lacks a Mining Law

April 2012

An estimated $3 billion is lost by the country annually due to lack of a legal framework to provide security for mining investments.

Honduras exported $300 million a year in the business of mining through 3 companies that continue to operate after the withdrawal of 6 other companies due to the absence of an appropriate regulatory framework, said the president of the National Association of Mineworkers (Anamin), Santos Gabino Carbajal.

Debate Over Panamanian Mining Code Reform

October 2011

The Commerce Commission of the National Assembly has begun discussing Bill No.394, which restores repealed articles in the Mineral Resources Code.

A press release from the Panamanian National Assembly reads:

The Commerce Commission began discussing Bill No. 394, which restores repealed articles in the Mineral Resources Code, Act 109 of 1973 and Act 55 of 1973, which, taken together, regulate the exploration and exploitation of metallic and non-metallic minerals.

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