Mining in Honduras: $168 million Exported in 2017

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.

Wednesday, January 10, 2018

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.

See also: "Nicaragua: Forecasts for Gold Production in Nicaragua"

Laprensa.hn reports that "...Likewise, there was greater dynamism in direct investments towards Honduran mining Nivida Hernández, executive director of Inhgeomin, explained that `Investments in the sector grew considerably, because the government has streamlined processes to grant concessions, at least for exploration`.

"... The countries that invested the most in the national mining sector were the US, Canada, Taiwan, Germany and Mexico, and with less participation countries in South America, including Colombia and Chile."

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Mining activities have grown at an annual average of 9% in the last ten years, mainly due to growing foreign investment, an increase in production and favorable international prices.

A report presented by the Nicaraguan Mining Chamber states that between 2006 and 2016, foreign direct investment totaled $793 million, having an annual average of $79 million. 

Honduras: Bad Times for Mining

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The 150% plummet that exports have suffered in the last two years is attributed to a fall in international prices of metals.

The fall in international prices of metals is the main reason behind the drop of almost 150% in foreign sales in the mining sector from 2015 to date.

The Mining Sector in Nicaragua

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In the last six years capacity mining production in the country has tripled and it is expected to increase even more with the startup of two new projects.

According to Denis Lanzas Cisneros, vice president of the Chamber of Mines of Nicaragua, one of the main reasons behind the growth of the sector in recent years is the regulatory framework which established the Mining Act, which "...

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.

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