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Honduras: Low Prices Discourage Mining

Less mining of metals such as silver, lead, zinc and iron oxide explains the 17% drop in mining activities in the first quarter, compared to the last quarter.

Tuesday, July 5, 2016

In the quarterly GDP report up to March 2016 the Central Bank states that "...The negative result in Mining and Quarrying (-17.0%) was associated with a decline in metal ore mining (silver, lead, zinc and iron oxide), which has been discouraged by low prices in the international market, which do not stimulate the development of projects aimed at exploring new mineral deposits. "

"... The drop in this activity was offset by a positive performance by quarries which is directly related to the performance of construction. "

Between January and March this year, mining exports generated $31.4 million, resulting in $28.3 million less than the amount recorded in March last year, when the figure was $59.7 million.

See quarterly GDP report - March 2016.

Source: CentralAmericaData.COM

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Mining in Honduras: $168 million Exported in 2017

January 2018

Gold, silver, lead and zinc were some of the main materials exported during 2017, and the main buyers were the USA, Germany, Aruba, Austria and Belgium.

The authorities at the Honduran Institute of Geology and Mines (Inhgeomin) presented figures for 2017 and explained that the good performance achieved last year was mainly due to favourable international prices and to the reactivation in economies such as the United States, which led to an increase in demand for metals and minerals, especially for construction.

Figures from Metal Mining in Central America

December 2016

In 2015 Honduras and Guatemala exported ores such as zinc, nickel and other precious metals worth $47 million and $46 million respectively.

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October 2014

Investment to be made in the local mining sector between 2009 and 2018 is estimated at $10 billion and it is projected that by 2019 the value of the export of metals will reach $2500 million a year.

From a statement from the Mining Chamber of Panama:

Relevant data related to mining in Panama:

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