Honduras: Mining Companies Demand Regulatory Framework

Spokepersons for the country's mining industry have once again asked congress to approve a law that enables the sector to be regulated.

Thursday, August 19, 2010

La Tribuna reports comments from Santos Gabino Carbajal, president of the Honduran Metal Mining Association (Anamimh in Spanish), saying that, "there is significant interest from foreign investors in bringing capital into Honduras of around $185 million but they lack sufficient legislation to enable them to do so".

Carbajal added that companies from India, Australia and Italy are among those interested in investing in Honduran mining.

More on this topic

The Profits of Guatemalan Mining Companies

April 2018

According to a recent study, companies that carry out mining activities in the country, operate with a profit margin of 22% before paying taxes.

The report prepared by Central American Business Intelligence (CABI), details that companies in the mining industry operating in Guatemala can achieve extraction costs of up to 55%. 

Honduras: Investment in Mining Industry Growing

January 2014

The growth of the metal mining sector and the framework provided by a new mining law have generated interest from foreign companies.  

Up until October 2013, the share of mineral products in exports of general merchandise was $232.7 million, equivalent to 7%. This, and the adoption of a new mining law last year, has attracted interest from foreign investors who have set their eyes on Honduras.

Chinese Companies Interested in Metal Mining in Honduras

September 2010

A group of Chinese businesses has stated its interest in extracting non-precious metals such as iron, lead and zinc.

Santos Gabino Carbajal, president of Honduran metal mining association Anamimh, explained that the Chinese delegation has held meetings with Honduran businesses that own mining concessions with a view to negotiating joint ventures.

The Best “NO” to Mining

May 2010

There is an unbeatable way to end with mining once and for all.

Sometimes the best way to rebut extreme ideas is to reduce them to the absurd. This is what Santos Gabino Carvajal does in an article published in Sigloxxi.com.

It must be noted that Gabino Carvajal has a large stake in the matter, as he is the president of the Honduran Metal Mining Association.

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