Honduras: Mining Companies Demand Regulatory Framework

Spokepersons for the country's mining industry have once again asked congress to approve a law that enables the sector to be regulated.

Thursday, August 19, 2010

La Tribuna reports comments from Santos Gabino Carbajal, president of the Honduran Metal Mining Association (Anamimh in Spanish), saying that, "there is significant interest from foreign investors in bringing capital into Honduras of around $185 million but they lack sufficient legislation to enable them to do so".

Carbajal added that companies from India, Australia and Italy are among those interested in investing in Honduran mining.

More on this topic

Chinese Companies Interested in Metal Mining in Honduras

September 2010

A group of Chinese businesses has stated its interest in extracting non-precious metals such as iron, lead and zinc.

Santos Gabino Carbajal, president of Honduran metal mining association Anamimh, explained that the Chinese delegation has held meetings with Honduran businesses that own mining concessions with a view to negotiating joint ventures.

The Best “NO” to Mining

May 2010

There is an unbeatable way to end with mining once and for all.

Sometimes the best way to rebut extreme ideas is to reduce them to the absurd. This is what Santos Gabino Carvajal does in an article published in Sigloxxi.com.

It must be noted that Gabino Carvajal has a large stake in the matter, as he is the president of the Honduran Metal Mining Association.

Guatemala: Gold, silver mines to pay royalties of 4%

January 2012

The agreement signed by 22 companies in the extractive industry will mean an increase in annual revenues from mining royalties of about $64 million.

Having previously paid 1% in royalties, gold and silver mining companies will pay the Guatemalan state a rate of 4%, said the President Otto Perez Molina.

Construction sparks a mining boom in Panama

July 2008

Production by Panama's mines and quarries increased by 31 percent in the first quarter of this year, compared with the same period of 2007. The growth is being spurred by a construction boom and high international metal prices.

Demand for rock, sand, gravel and other materials has soared for projects that include the increase in the capacity of the Panama Canal, port expansions, the construction of a seafront boulevard, and residential developments.


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