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.
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Palmatac will inaugurate a facility for extracting palm oil in the country’s south.
The facility has an area of 1.200 square meters, and is capable of processing 12 tons per hour. The company expects this to increase to 20 in the medium term.
José Antonio Gamboa, vice president of the company, explained that all the production will be shipped to Mexico.
A plant is to be installed in Colon that will have initial capacity to extract approximately 90 thousand tons of oil per year.
Producers from the sector of Sheba, in the Caribbean department of Colón, are to invest $15.7 million in the installation of an oil palm extraction plant, projecting an approximate annual income of 4.2 million.
In Puerto Cortés a plant is being built which will have initial an capacity for extraction of crude oil of 10 thousand tons per year.
In the community of El Mango, Baracoa, construction has started of a plant for extracting palm oil with an investment of $12 million. The new plant will begin operations in 2015, with a capacity of 50 thousand tons of fruit, from which 8000 tons of crude oil can be can extracted and 2,400 tons more from the second year.
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 "...