Overwhelming Negative For Metal Mining

The municipality of Nueva Santa Rosa, in southeastern Guatemala, asked the inhabitants to decide on the installation, development and operation of chemical metal mining projects in their territory, in a consultation process which will be extended to other municipalities of Santa Rosa.

Only 1.1% of the population of New Santa Rosa voted YES to the precious metal mining activity in the municipality.

Source: prensalibre.com

More on this topic

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.

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.

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.

Veto for Environmental Consultation Law in Costa Rica

November 2008

The project allows for citizen consultations to be called for projects related to the environment and this caused protests from the business sector.

The minister of the Presidency, Rodrigo Arias, announced today that they have decided to totally veto the law which was unanimously approved by Congress.