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.

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