Mining Potential in Nicaragua

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.

Monday, August 7, 2017

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).

see also: "Metal Mining Figures in Central America"

In the case of non-metallic mining (production of sand, quarry stone, concrete, cement and aggregates for construction), 0.80 cents go into the national economy. This result means that the exploitation of mines and quarries is considered to be an activity that drives or boosts economic growth, particularly gold and materials used in construction, due to its strong chaining.

See more information (in spanish).

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