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

Analysis of Mining Activity in Central America

November 2014

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 mining sector in Central America represents great potential for investment and business, however, it has so far contributed only 0.75% to the Gross Domestic Product (GDP), averaged from the six countries in the region, between 2008 and 2012.

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 ... ".

Mining Numbers in Panama

October 2014

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:

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.

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