Mining Exploration Expanded in Nicaragua

The Canadian company B2Gold will be extending exploration activities in the La Libertad gold mine for seven years and operating six other projects in other parts of the country.

Monday, August 18, 2014

The process of conversion of the La Libertad gold mine, initiated by the Canadian B2Gold and which currently extracts between 140,000 and 150,000 troy ounces of gold a year, will continue for seven years, according to statements made by company representatives.

Moreover, "...The company ... has six exploration projects in the center and northwest of the country. These projects are specifically located in the municipalities of Bonanza, Rosita and Bilwi, in the Autonomous Northern Caribbean Region (RACN by its initials in Spanish). "

Omar Vega, CEO of B2Gold told Elnuevodiario.com.ni that "... mining in Nicaragua has great potential ... 'exploration projects are the initial step in mining. In order to have a mine, starting from exploration, it takes at least five years or more, and a lot of investment ... In exploration, the level of risks is very high. If there are 10 projects, perhaps one will become a mine.'"

More on this topic

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October 2017

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. 

Canada Defends its Mining Companies

May 2015

Central America should take note that the Canadian government is moving away from environmental positions and promoting and defending the interests of its mining investment undertakings in other territories.

The Salvadoran government is attempting to gain support in Canada in its litigation against Oceana Gold, a company founded on Australian and Canadian capital which is trying to buy Pacific Rim, a company that sued El Salvador for $301 million because they were not granted permission to operate a gold mine in the north.

Mining Numbers in Panama

October 2014

Investment to be made in the local mining sector between 2009 and 2018 is estimated at $10 billion and it is projected that by 2019 the value of the export of metals will reach $2500 million a year.  

From a statement from the Mining Chamber of Panama:

Relevant data related to mining in Panama:

The Mining Sector in Nicaragua

August 2014

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 "...

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