Between January and November 2019, mining sector exports totaled $153 million, 16% less than what was reported in the same period in 2018.
Exports of mining activity recorded a value of $152.8 million, $27.6 million below what was observed in November 2018, as a result of the reduction of $17.4 million in shipments of zinc, related to the fall in price and volume exported, also, gold sales showed a decrease of $6.7 million, resulting from operational problems in some of the extracting companies, informed the Central Bank of Honduras.
Exports from mining companies in Honduras totaled $133 million from January to July 2018, 35% more than reported in the first seven months of 2017.
The Central Bank of Honduras reported that during the first seven months of the year the exported value of zinc was $37.4 million, above the $24 million reported in the same period of 2017. This increase is mainly due to the 17.4 million pounds sold to Mexico and Belgium.
The value of gold exported from Central America in the first three months of the year reached $132 million, 11% more than the value reported for the same period in 2017.
Figures from the information system Mercado de Oro en Bruto, Semilabrado o en Polvo en Centroamérica, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption=Click to interact with graphic"]
Exports of metalliferous minerals from Central America summed $33 million from January to March 2018, and sales to Belgium increased 229% compared to the same period in 2017.
Figures from the information system on the Metalliferous Minerals Market in Central America, from the Commercial Intelligence Area of CentralAmericaData: [GRAFICA caption="Clic to interact with chart"]
Between January and April of 2018, the Honduran mining sector generated $88 million in sales abroad, 60% more than was reported in the first four months of last year.
The Central Bank of Honduras (BCH) reported that between the first four months of 2017 and the same period in 2018, sales in the mining sector abroad grew from $55 million to $88 million.
From January to September 2017, regional exports of metalliferous minerals totalled $59 million, 40% more than in the same period in 2016.
Figures from the information system on the the Metal Ores Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
Gold, silver, lead and zinc were some of the main materials exported during 2017, and the main buyers were the USA, Germany, Aruba, Austria and Belgium.
The authorities at the Honduran Institute of Geology and Mines (Inhgeomin) presented figures for 2017 and explained that the good performance achieved last year was mainly due to favourable international prices and to the reactivation in economies such as the United States, which led to an increase in demand for metals and minerals, especially for construction.
In 2012 gold exports to Canada amounted to $377 million, equivalent to 54% of the total exported by the region that year, but four years later the figure has fallen to 0.
Figures of the information system on the Gold Market in Crude, Semi Wrought or Powder form in Central America, compiled by CentralAmericaData's Business Intelligence Unit: [GRAFICA caption = "Click to interact with the graph"]
Between January and September 2016 the countries of the region exported 399 thousand tons of metalliferous minerals, led by Guatemala, with 375 thousand tons.
Figures from the information system on the the Metal Ores Market in Central America , compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Clic para interactuar con la gráfica"]
In 2015 Honduras and Guatemala exported ores such as zinc, nickel and other precious metals worth $47 million and $46 million respectively.
Figuresfrom the Report on Import and Export of Ores, Slag and Ash in Central America,prepared by the Business Intelligence Unit at CentralAmericaData.com show that in 2015 the countries in the region exported 1,207,000 tons of ores, slag and ash, equivalent in value to $93.4 million.
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.
Find out who the major players in the mining sector in Central America are.
The report drawn up by CentralAmericaData.COM contains information related to Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama, on the following:
- Licenses granted
- Export Volumes
- Mining projects approved
- List of companies in the sector
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The El Venado Mine has shipped its first cargo of iron oxide, more than 40 thousand tons, bound for China.
According to Henrique Ayala, manager of the consortium that runs the mine, this will be the first of many shipments which will be sent over the 20 year life of the mine.
Based on recent average prices of Honduran exports of the product ($43.80), the shipment will be worth about $1.7 million.
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.
In the first six months of the year exports totalled $131 million, which is $ 32.2 million more than in the same period in 2010.
The surge in exports is explained mainly by increased sales of non-ferrous metals such as gold and silver.
A report by the Central Bank of Honduras shows that foreign sales of gold increased in value by 31.9% making a total of $54.1 million, driven by rising international market prices (26.6% ).