Honduras lacks mining law

Posted on April 8, 2012 • Filed under: Enviromental Issues, Honduras, Latin America Mining

Honduras lost their last fiscal year, 3.000 billion and 15,000 jobs by not approving the Mining Act, upheld the President of the National Association of Mineworkers (Anamin), Santos Gabino Carbajal. Gold mining in the country increased 16.7 percent during the previous year. Currently, the country exported $ 300 million, only three companies have been operating before the withdrawal of six other companies for lack of a regulatory framework, he said. “If the nine companies operate will be exporting more than 3.000 million,” he confirmed. Read Article

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