Mining Industry Frozen in El Salvador

There are 26 mining projects between applications for exploration and exploitation which have not been approved.

Monday, January 10, 2011

Applications for mining comprise nearly 5% of the country's territory.

Laprensagrafica.com says, "companies have found a vein of gold that begins in Mexico and goes through all the countries of Central America and ends in Costa Rica."

Aquilino Duarte, Director of Hydrocarbons and Mines from the Ministry of Economy, added that "the grain is thicker" in El Salvador.

More on this topic

Mining Potential in Nicaragua

August 2017

Metallic and non-metallic mining projects granted in concession cover 8.4% of the country's land area, but less than 1% are in operation.

From a report by the Chamber of Mining:

Of each dollar generated from metallic mining, 0.66 cents remain in Nicaragua in the form of payments for taxes, remuneration and acquisition of local goods and services. This is one of the main conclusions of the study entitled 'Analysis of mining activity in Nicaragua 2006-2016', prepared by the economist Néstor Avendaño, president of Consultores para el Desarrollo Empresarial S.A. (COPADES).

Nicaragua: Incentives for Mining

June 2016

A bill proposes the creation of a public mining company, which would be able to participate in concessions and form associations with other public or private companies.

Elnuevodiario.com.ni reports that "...Some of the functions that this law would have is to carry out feasibility analysis to set up mineral processing establishments in areas with mining potential, within concession areas; and market products derived from the exploitation of mineral resources. "

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 "...

El Salvador: Law to Ban Mining

August 2010

A Congress committee has initiated an investigation into a new law that would prohibit mining within national territory.

The parliamentary initiative seeks to eliminate mining in El Salvador," a communication by the Legislative Assembly states.

"On the Committee for the Environment and Climate Change both the governing left and opposition right leaning parties are represented and all agree on the need to enact a law that bans the exploitation of the country's mineral resources," reports Laprensagrafica.com.

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Empresa Minera Manantial S.A.C

Organization that operates in Costa Rica.
Phone: (00511) 990296690

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