españolNicaragua Offers its Mineral WealthThursday, February 28, 2013 An event in Canada will highlight the opening of the country for business, its pro-mines legal framework, partnerships between government and the private sector and investment opportunities in exploration and mining and non-mining activities. From a statement from ProNicaragua: Guatemala: Ratification of Mine SuspensionWednesday, February 24, 2021 Following the ruling of the Constitutional Court, the Ministry of Energy and Mines decided to temporarily suspend the rights of the Fenix mining company, located in El Estor, department of Izabal. This case dates back years, since because of a legal appeal filed by a group of neighbors, who argued that the community consultation process for the operation of the mining project was not exhausted, in mid-July 2019 the magistrates of the Constitutional Court (CC) decided to suspend the mining right license of the Fenix mining company. Nicaragua: $23 million in Mining InvestmentFriday, August 21, 2015 In the remainder of the year B2Gold plans to invest $23 million in mining work, expansion of tailings dam and other works in the La Libertad gold mine in Chontales. In addition, the concessionaire plans to invest $5 million in exploration in areas close to the mine and within the concession area. Representatives from the B2Gold predict closing 2015 with a total production of between 135,000 and 145,000 ounces of gold from the La Libertad and Santo Domingo mines. Chile Interested in Guatemala Mining IndustryWednesday, March 24, 2010 The South American country wants to make mining investments in Guatemala. Jorge Mario Saavedra, Chilean ambassador in Guatemala, confirmed the information. Chile apparently wants to take advantage of the recently signed Free Trade Agreement between both countries. "Great Business" in courtWednesday, May 15, 2013 Transnational oil and mining companies are taking states to international arbitration where "they get money that they did not even invest." So says Manuel Perez Rocha, coordinator of the Network for Justice in Global Investment in Washington, who explains that when a Latin American state suspends exploration or exploitation permits, multinationals always manage to extract profits from international courts, particularly the International Centre for Settlement of Investment Disputes (ICSID). Honduras Ranked Last in Mining InvestmentThursday, March 1, 2012 Guatemala and Honduras are among the worst countries in the world in which to invest in the mining industry. The Policy Potential Index (PPI) is a composite index, which measures how attractive countries policies are for developing mining projects. It is published by the Fraser Institute, whose vision is a free and prosperous world where individuals benefit more when they have more choice, when markets are competitive, and when there is greater personal responsibility. Its mission is to measure, study and communicate the impact of competitive markets and government interventions on people’s welfare. Honduras: Low Prices Discourage MiningTuesday, July 5, 2016 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. " Minera Gold Quest Makes Progress in Dominican RepublicTuesday, January 23, 2018 The Ministry of Energy and Mines has requested that the Executive Power authorize the Canadian company Gold Quest a mining license for the Romero project in San Juan de la Maguana. Seven years is the estimated useful life of the deposit of gold, silver, copper, zinc and lead, whose present value is around $561 million in accordance with the current prices of metals. Mining Potential in NicaraguaMonday, August 7, 2017 Metallic and non-metallic mining projects granted in concession cover 8.4% of the country's land area, but less than 1% are in operation. From a report by the Chamber of Mining: Mine Reactivation: A Light at the End of the TunnelMonday, April 5, 2021 After a community consultation was ordered as a requirement for the resumption of operations of the San Rafael Mine in Guatemala, the authorities invited nine institutions to participate in the first meeting of the pre-consultation roundtable. Derived from a protective action filed by the environmental organization Calas, the Constitutional Court (CC) ordered in September 2018, to carry out through the Ministry of Energy and Mines (MEM), a community consultation in the area of operations of the mine, in El Escobal, in the municipality of San Rafael Las Flores, department of Santa Rosa. Honduras: Zinc Mine Passes into Canadian HandsWednesday, October 12, 2016 The Belgian company Nyrstar sold to Morumbi Resources 100% of the subsidiary American Pacific Honduras, owner of the El Mochito zinc mine. From a press release by Morumbi Resources: Taiwanese Interested in Mining SectorWednesday, February 7, 2018 The consortium Dong Jyu Group is exploring business opportunities in Honduras, with the objective of marketing minerals such as gold, silver and bronze, as well as opal and jade. From a statement issued by the Honduran Institute of Geology and Mines: New Mining Law in Effect In HondurasMonday, April 8, 2013 The regulation allows surveys to determine if there is evidence of mineral deposits anywhere in the country, except in specifically excluded areas. The General Mining Law, approved in January by the Honduran Congress, became effective upon publication in the official newspaper of the Republic, La Gaceta. Mining Activity in the Dominican RepublicMonday, December 4, 2017 Of the 125 licenses granted by the State to carry out mining activities in the country, 55 correspond to deposits in the southern provinces, and 32% of that total, to San Cristóbal. Figures from the Ministry of Energy and Mines indicate that of the 55 licenses corresponding to deposits in the south of the country, half were granted for exploitation of limestone, base for cement, 16% for gypsum and 7% for clay. El Salvador: New Law Prohibits Metal MiningThursday, March 30, 2017 The recently approved law prohibits exploration, extraction, exploitation and processing, at the surface or underground, and the use of toxic chemicals in any metal mining process. In El Salvador the metal mining business does not have much significance, since up until now the income resulting from this activity has been very low. In 2013 the value of exported ores was only $1.3 million, going up to $1.6 million in 2014, and falling to $600,000 in 2015. |
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Saturday, August 13, 2022 - last update: 2:04 pm
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