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.
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.
Less mining of metals such as silver, lead, zinc and iron oxide explains the 17% drop in mining activities in the first quarter, compared to the last quarter.
In the quarterly GDP report up to March 2016 the Central Bank states that"...The negative result in Mining and Quarrying (-17.0%) was associated with a decline in metal ore mining (silver, lead, zinc and iron oxide), which has been discouraged by low prices in the international market, which do not stimulate the development of projects aimed at exploring new mineral deposits. "
The Mining Exploitation Project Niquegua Montufar II, run by Compañía Guatemalteca de Níquel, and the one called Tajmulco II, by Montana Exploradora de Guatemala, have been suspended by the government.
A statement issued by the Ministry of Energy and Mines indicates that "...Adhering to the appeal granted by the First Chamber of the Court of Appeals of the Civil and Commercial Branch constituted in the Court of Appeal, the Ministry of Energy and Mines (MEM), notified Compañía Guatemalteca de Níquel (CGN), of the suspension of its authorization license for operating the mining exploitation project Niquegua Montufar II. "
On August 16 and 17 industry representatives from around the globe will be taking part in business conferences and lectures on the role of mineral resources and the impact of the activity on the economy.
The II International Mining Congress is being organized by the Mining Chamber of Nicaragua and will be held on August 16 and 17 in Managua.
The conference will include business conferences, panels and lectures on the economic and social impact of mining on communities; the role of metallic and non-metallic mineral resources in developing countries and environmental challenges in modern mining.
Businessmen are complaining that there are over one hundred applications for licenses which have been approved by the Attorney but are pending review and approval by the Ministry of Energy and Mines.
Mining companies in Guatemala say that one of the reasons for the delays in the process for obtaining mining exploration licenses is because the government does not support this sector of the economy.
Processed foods, fuels, pharmaceuticals and chemicals are some of the nontraditional exports which grew by 7% in the first nine months of the year compared with the same period in 2013.
From a statement issued by the Guatemalan Exporters Association (Agexport):
In September 2014, Guatemala's total exports reported an increase of 7% compared to the same date in 2013.
Investment to be made in the local mining sector between 2009 and 2018 is estimated at $10 billion and it is projected that by 2019 the value of the export of metals will reach $2500 million a year.
From a statement from the Mining Chamber of Panama:
Relevant data related to mining in Panama:
• Mining brings economic, environmental and social benefits to the country.
In the last six years capacity mining production in the country has tripled and it is expected to increase even more with the startup of two new projects.
According to Denis Lanzas Cisneros, vice president of the Chamber of Mines of Nicaragua, one of the main reasons behind the growth of the sector in recent years is the regulatory framework which established the Mining Act, which "...
An economic feasibility study by Anfield Nickerson Corp has estimated average annual production 19,900 tons of ferronickel and a net present value of $606 million.
The Canadian company engaged in exploration and extraction, announced the conclusion of the economic feasibility study on the Mayaniquel project, a nickel mine in the northeast of Guatemala.
Anfield Nickel Corp. discovered a nickel deposit in Tres Juanes Sur, in Izabal.
The Tres Juanes field is owned by Guatemalan Mayaníquel, SA, a subsidiary of Anfield Nickel Corp.
The site is located at a depth of 18.4 meters, grading 3.05% nickel.
Anfield Nickel Corp. exploration company focused on exploration and development of nickel resources. The company owns Mayaniquel, SA, a Guatemalan company which controls approximately 80,000 hectares of mining rights in the district around Lake Izabal.
A new study on the Mining Nickel Project “Mayaniquel”, owned by Anfield Nickel Corp., duplicates the estimated capacity of the mine.
The company reported that contained nickel in the Indicated resource category has increased by 16%, while contained nickel in the Inferred resource category has increased by 175%
This project comprises a concession of 80.000 hectares near Izabal Lake, 120 kilometers NE from Guatemala City.