A government commission has traveled to China to negotiate direct sales of iron oxide from the Agalteca mine.
This was stated by Santos Gabino Carvajal, president of the National Association of Metal Mining in Honduras (Anamimh), who in a meeting with Aldo Santos, chief of the Directorate for the Promotion of Mining (Defomin), explained that the idea is to send in directly iron oxide mined in Agalteca in Francisco Morazán.
The approval of the Mining Act has peaked the interest of investors interested in the exploration and exploitation of minerals, which could contribute up to $3.5 billion.
Laprensa.hn reports that "Santos Gabino Carvajal, president of the National Association of Metal Mining in Honduras (Anamimh), said that in the last seven years Honduras has not received a single dollar in mining investment, despite its great potential, and that all investments planned in the country were diverted to Nicaragua and Colombia. "
A group of Chinese businesses has stated its interest in extracting non-precious metals such as iron, lead and zinc.
Santos Gabino Carbajal, president of Honduran metal mining association Anamimh, explained that the Chinese delegation has held meetings with Honduran businesses that own mining concessions with a view to negotiating joint ventures.
He added that the investors plan to return in October with concrete economic proposals.