Non-Metallic Mining Recovers
A new prosperity acquired by Nicaragua's economy, especially in infrastructure, is being reflected in extractive activities related to construction.
Wednesday, May 9, 2012
The boom experienced by the construction sector has led to the extraction of materials such as crushed stone, sand and other things for the manufacture of blocks, pavements, cement and other products required by public and private works.
Conflicts over environmental protection and excessive bureaucracy in the process of granting concessions are the factors that limit the great mining potential in the region.
The sector closed the first half of the year with a 20.5% increase in exports, compared to the same period of 2011.
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.
The attractiveness of the mineral resources in the country is overshadowed by legislation that raises doubts among international investors.
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