Mining in Honduras: Changes in the Rules of the Game

The amendments to the law stipulate that prior to the request for exploitation, the mining authority shall require the municipal corporation to conduct a citizen consultation within a period not exceeding 90 days, and the decision adopted shall be binding for the granting of the concession.

Monday, September 30, 2019

If the result of the citizens' consultation is to oppose the exploitation, it cannot be carried out again after one year, prior to the installation of a social development table, the approved text specifies.

You may be interested in "Metallic Mining: Exports up to September 2018

From the National Congress statement:

September 26, 2019. The National Congress approved on Wednesday reforms by adding several articles of the General Mining Law, an initiative that aims to regulate mining and metallurgical activities in the country.

It is important to note that previously the articles that were reformed had been declared unconstitutional.

With the approval of this decree, the execution of exploration, exploitation and benefit activities must be carried out in accordance with the international standards contained in the agreements signed by Honduras on environmental protection, so that public health and safety should not be compromised.

Read full statement (In Spanish).

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More on this topic

Guatemalan Mine Operation Suspended

July 2019

The temporary suspension of the exploitation right license of the Fénix mining company, operated by Compañía Guatemalteca de Níquel, in the department of Izabal, is reported.

After a group of neighbors claimed before the Supreme Court of Justice that for the mining project concerned, the community consultation process was not exhausted, in February of this year an injunction was granted in favor of the plaintiffs, but the company's operations were not suspended.

Nicaragua: $100 Million Invested in Gold Mines

July 2019

Canada's Calibre Mining bought from B2Gold Nicaragua, the El Limón and La Libertad gold mines, as well as the Pavon project and other concessions, in a transaction that totaled $100 million.

The El Limón and La Libertad mines have produced more than 1.4 million ounces of gold since 2010, and their combined production of gold in 2019 is projected to be between 150,000 and 160,000 ounces, the company said in a statement.

The Profits of Guatemalan Mining Companies

April 2018

According to a recent study, companies that carry out mining activities in the country, operate with a profit margin of 22% before paying taxes.

The report prepared by Central American Business Intelligence (CABI), details that companies in the mining industry operating in Guatemala can achieve extraction costs of up to 55%. 

Nicaragua and the New Mining Law

June 2017

The Assembly is preparing to approve a bill that creates the Nicaraguan Mining Company (Empresa Nicaragüense de Minas), which will be able to participate in exploration and exploitation activities carried out by companies who have received concessions.

In addition to the possibility of participating directly in activities carried out by concessionaire companies, once the law is approved, the Nicaraguan Mining Company (ENIMINAS), "... will have as its objective the execution and development of exploration and rational exploitation of the country's mining resources. "

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