Honduras: Mining Areas Reserved for State Exploitation

The Hernández administration has agreed to reserve 18 zones with mining potential for exploration and exploitation in order to generate resources for the state.

Monday, May 18, 2015

Of the 950 sites that are being evaluated to determine whether they have potential for mineral extraction, 18 have been reserved for exploitation by the state.

Ebal Diaz, presidential adviser, told Laprensa.hn that "... '18 mining areas in the country have been declared as state owned. The state will carry out exploration activities so that there is better performance for the Government and to allocate those resources to strengthen employment and the social development of the country.'"
"
Reinaldo Ekónomo, Chairman of the Mining, said that "... the country has enough mineral resources to generate employment and development, but noted that it needs to foster conditions to encourage investment. 'The steps should be faster. " Among the departments with mining potential are Santa Barbara, Olancho, El Paraiso, Francisco Morazan, Comayagua, Colón and Choluteca. "

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