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.

In 2011, non-metallic mining grew by 25 percent, according to data from the Chamber of Mines of Nicaragua (Camenic). "The prospects are actually very good because infrastructure development has awakened," said Denis Lanzas, vice president of Camenic to Laprensa.com.ni.

In the extraction of sand and crushed stone production increased by 20% and 50%, which means investments of $36 million according Camenic. By 2012, the Chamber expects growth in this sector of between 32 and 35 percent.

More on this topic

Mining Boom Continues in Nicaragua

July 2012

The sector closed the first half of the year with a 20.5% increase in exports, compared to the same period of 2011.

Vice President of the Nicaraguan Chamber of Mines (Caminic), Dennis Spears, said that the boom being experienced by the sector will allow the opening, in the short term, of a new gold producing plant, "we are taking steps, we have areas where we will install and we have reflected that have a good site where it is worth putting a plant ... ".

Disincentives to Mining in Honduras

February 2014

The attractiveness of the mineral resources in the country is overshadowed by legislation that raises doubts among international investors.  

The validity of the Act on Promotion of the Development and Reconversion of Public Debt is raising doubts among international investors interested in mining in Honduras, according to Santos Gabino, advisor to the National Association of Metal Mining in Honduras.

Review of Operating Licenses in Honduras

May 2014

The government has announced that it will revise all contracts awarded and projects that are not being run will be reassigned.

State institutions responsible for granting operating licenses to mining, forestry, clean energy generation and hydrocarbon projects, have a deadline of two weeks to complete the collection of all permits, licenses and concessions granted in the past two governments and present a report to President Juan Orlando Hernandez, who will decide whether or not to revoke the licenses that have not been executed in order to reallocate the revoked contracts to new investors.

Concession for Quarry in Panama

October 2013

For a period of 20 years Corpus Christy Mineral Development could extract nonmetallic minerals in the village of Las Margaritas, district of Chepo.

The company could "... exploit 256.33 hectares in Las Margaritas and if the comply with the obligations satisfactorily, could have the permit extended for 20 years as stipulated in the contract ...", reported Prensa.com.

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