Mining Activities in Honduras Down

Between January and April this year, mining sales totaled $71 million, $20.8 million less than that recorded in the same period in 2014.

Friday, July 10, 2015

The report by the Central Bank of Honduras said that the decline was mainly because so far this year they have not been exporting iron oxide due to the temporary closure of the companies dedicated to this sector because of the implementation of new extraction methods. This situation is partly offset by the increase in the value of sales of gold, zinc, silver and lead.

In the case of gold, the value of exports was $37.1 million, surpassing the $5.3 million accrued up to the same month in 2014, justified by a rise in volume (25.7%), despite declining 7.2% in price. This mineral was destined mainly the United States.

Zinc and lead observed increments of $7 million and $0.9 million respectively; both minerals showed improved volumes 176.7% for zinc and 82.2% for lead.

See full report "Foreign Trade in General Goods "



More on this topic

Honduras: Mining Exports Fall 16%

January 2020

Between January and November 2019, mining sector exports totaled $153 million, 16% less than what was reported in the same period in 2018.

Exports of mining activity recorded a value of $152.8 million, $27.6 million below what was observed in November 2018, as a result of the reduction of $17.4 million in shipments of zinc, related to the fall in price and volume exported, also, gold sales showed a decrease of $6.7 million, resulting from operational problems in some of the extracting companies, informed the Central Bank of Honduras.

Strong Rise in Mineral Exports

July 2018

Between January and April of 2018, the Honduran mining sector generated $88 million in sales abroad, 60% more than was reported in the first four months of last year.

The Central Bank of Honduras (BCH) reported that between the first four months of 2017 and the same period in 2018, sales in the mining sector abroad grew from $55 million to $88 million.

Honduras: Mining Exports Up 23%

June 2017

In the first quarter of the year, exports from the mining sector totaled $39 million, an increase of 23% compared to the same period in 2016.

From a report by the Central Bank of Honduras:

The products classified in the mining activity accounted for an exported value of US $39.0 million, US $7.4 million (23.3%) more than in relation to March 2016; brought about by an improvement in the price of minerals in the international market, which has encouraged the largest shipments. 

Honduras: Mining Exports Down 17%

October 2016

The decrease in the exports of gold, silver and lead accounted for most of the years drop of 17% in exports from the mining sector up to August 2016.

From a report entitled "Foreign Trade General Merchandise" by the Central Bank:

Mining activity was valued at $103.7 million, down US $21.4 million compared to the same period in 2015; mostly explained by lower sales of gold, silver and lead. 

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