The contribution of mining activities to GDP has reduced in recent years, and recent cases of suspension of operating permits are not helping to improve the sector's image.
In 2012 the contribution of mining activities represented 2.8% of the Gross Domestic Product (GDP), but this proportion has been decreasing in recent years, falling to 1.1% of GDP in 2015.On top of this are the recent cases of suspension of exploration permits, which have generated uncertainty among the sector's entrepreneurs.
A study on the importance of the mining sector in the country, carried out by the CABI, concludes that "the net profit for mining entrepreneurs is between 20% and 30% in normal times."
The analysis prepared by the Cabi said that the mining industry contributes 3.3% of GDP to the country directly and indirectly, a relatively small amount in the opinion of Paulo de Leon, at the Cabi, who believes that the sector has greater potential.
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 launch of an online approval system for mineral export inspection has been announced.
From a statement issued by the Honduran Institute of Geology and Mines:
Tegucigalpa April 20, 2016.- In a representative event by the Honduran Institute of Geology and Mines INHGEOMIN, a step has been taken towards the cutting edge with the launch of the online Inspection Approval Module for Exporting Minerals, which is a new technology platform that will benefit exporters as a new form of communication between citizens and the INHGEOMIN in its capacity as regulator of mining activities in Honduras.
An amendment to the Mining Code will allow the National Roads Council to remove materials from rivers and quarries in the public domain.
If the bill under review in the Assembly is passed, the National Roads Authority (CONAVI) may remove materials from areas in the public domain for use in road infrastructure.
An article in Ameliarueda.com states: "The Mining Code currently states that:"The State, through the MINAE, will grant temporary concessions to ministries and municipalities for removing material from ditches in the public domain or quarries in the jurisdiction concerned. These concessions will be extended for a maximum period of 120 days."