Guatemala Rejects Study to Exploit Iron

The regulatory agency did not approve the Environmental Impact Study submitted by the company Tikal Minerals, a subsidiary of Maya Iron Corporation.

Wednesday, April 27, 2011

According to legal proceedings transcript 2010-537, The Ministry of Environment and Natural Resources (MARN) states that the proposed project "Central Porvenir" (LEXR 037-2009) was not approved.

Enrique Toledo from Tikal Minerals noted that there have been several attempts to get the study approved.

In an article for Prensalibre.com, Alberto Ramírez said: "Although the rejection is not explained, a report by the Citizens' Alliance movement in the South Coast indicated that the area where they plan to explore is where Sipacate Naranjo National Park is located. This land contains wetlands, mangrove forest and a wildlife refuge. "

More on this topic

Guatemala: Environmental Impact Assessment for Iron Mine

April 2011

A Chinese-Australian owned mining company has now presented the EIA required by Guatemalan authorities in order to explore for iron in beach sands.

The Environmental Impact Assessment (EIA) submitted in December last year is part of a process that can take several months.

Guatemala Revokes Licenses for Iron Prospecting

June 2011

The Ministry of Energy and Mines (MEM), has closed the project due to non-compliance of requirements by Tikal Minerals Company.

Minister Alfredo Pokus announced at a press conference that the project will not move past its exploration phase and the company involved has no claim options.

Tikal Minerals Appeal

June 2011

The Tikal mining company will appeal for reinstatement after the revocation of three licenses for the exploration of iron on the Pacific coast of Guatemala.

The announcement was made by Enrique Fernández Toledo, advisor and legal representative to the subsidiary company of Mayan Iron Corporation.

Iron Exploration in Guatemala Gives Good Results

August 2010

Tikal Minerals, G4G and Iron Sands have confirmed that preliminary studies indicate that the exploitation of iron sands is feasible.

Tikal Minerals, which has three exploration licenses, commented that it may be possible to obtain an annual average of 10 million tons of iron, located 10 meters below ground. It is estimated that up to 12% of world iron deposits may be located on Guatemalan soil.

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