New players stand in the mining sector
Several countries have increased their production and facilitated the entry of new investors to the sector
Three countries in Latin America have a world-class mining: Chile, Peru and Mexico. But they are not the only ones in the region.
High commodity prices have pushed the opening of new sites and also a boom in the few countries that want to be left out.
In Panama, First Quantumm already operates Panama Copper one of the largest copper sites in the world, with an output equivalent to 60% of the annual extraction of Chuquicamata.
In Ecuador, the government has promoted a new statute that favors mining farms and has attracted, among others, the Chinese capital firm Ecuacorriente, which is building the Mirador copper project.
Pueblo Viejo, located at 100 kilometers from Santo Domingo, Dominican Republic, is a gold site developed by Barrick Gold since 2006, and credit is mostly Central.
Here, Canada’s Company plans to invest U.S. $ 3,800 million, half the budget of Pascua Lama, and could produce up to 675,000 ounces per year.
In Nicaragua, said Xinhua news agency, in recent years just coffee overcomes abroad gold sales abroad and 2015 gold mining could be number one in shipments: every three years this production more than doubles .
In Honduras passed a new mining law, which limits the non-metallic mineral concessions, but allows greater flexibility of the authority, which has led to last week the government of Porfirio Lobo announced that will give 280 new concessions this year .
The Cerro Blanco gold project in Guatemala, meanwhile, was stopped last week by environmental problems, but the company that carries out, Goldcorp expects the stoppage is reversed and can continue exploiting a chore worth more than U.S. $ 2600 million.
Source: El Mercurio
