Mining in Central America

El Salvador and Costa Rica say NO. Panama and Nicaragua say YES. Guatemala and Honduras are expected to decide soon.

Wednesday, June 2, 2010

Gold and copper prices are on the rise, and investors are eager to put money in extraction projects all over Central America.

But the governments of Central America have different opinions over this industry. While these projects are welcomed and authorized In Panama and Nicaragua, informal and formal moratoriums to the activity are being decreed in Costa Rica and El Salvador, stopping mining concessions under pressure from environmentalist groups. Meanwhile, in Guatemala and Honduras new projects are awaiting rules and regulations that will likely toughen environmental regulations for the mining industry.

Additionally, foreign investors demand higher returns on investment for Central American ventures, due to the generalized perception of institutional instability in the region.



More on this topic

What do you think of your president?

July 2011

Funes and Martinelli have maintained high levels of approval from their countrymen, while Ortega is recovering, Colom and Lobo are still low and Chinchilla is still falling.

With the first few years of presidency behind them, Mauricio Funes and Ricardo Martinelli are the leaders in the area with the most approval from their citizens: The first for having faced difficult opposition, and for his education, personality and charisma. The second for the infrastructure being developed, especially in Panama City and around the Canal. These are the results from the CID Gallup Polls consisting of 8.400 interviews in Central America and the Republic - 1200 per country in the second quarter of 2011.

Funes has Highest Presidential Approval Rating

March 2011

The Salvadoran president has a 72% approval rating, while Martinelli has 65%, Lobo 51%, Chinchilla 45%, Colom 41% and Ortega 40%.

Mauricio Funes, although still in second place in Latin America, falls three percentage points from a previous survey and now has 72% approval rating, topping the list of presidents in Central America with high evaluation.

C.A. Presidential Approval Rankings

July 2010

Mauricio Funes has an approval rating of 76%; he is followed by Ricardo Martinelli (66%), Laura Chinchilla (64%), Porfirio Lobo (60%), Alvaro Colom (50%) and Daniel Ortega (38%).

CID-Gallup unveiled its Central American public opinion poll for July 2010. It remarks that Funes remains the president with the highest approval ratings, and that Honduran president Lobo slipped from the third to the fourth spot, mainly because he is disliked by opposition and unregistered voters.

SICA Summit Begins

July 2010

The Summit of the Central American Integration System (SICA) has started in El Salvador; its participants will discuss regional integration and security topics.

The presidents of Guatemala, Panama, Costa Rica, Honduras and El Salvador will take part in the activity.

“During the summit, officials will discuss how to strengthen the region’s democratic institutions, joint policies to mitigate natural disasters and reactivate the regional economy”, reported Prensa Latina, adding that “they will also push for social policies to address poverty and crime”.

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