Guatemala awards two mineral extraction licenses
Guatemala awards two mineral extraction licenses
The Central American country has awarded two mining licences to Compania Guatemalteca de Niquel and Minera San Rafael to begin mineral extraction.
Author: Adam Williams
Posted: Thursday , 04 Apr 2013
(Bloomberg) -
Guatemala’s Energy and Mines Ministry awarded licenses to Compania Guatemalteca de Niquel, S.A. and Minera San Rafael S.A. to begin mineral extraction in Central America’s largest economy, the ministry said in a statement published on its website.
Minera San Rafael S.A., which will mine for gold, silver nickel and cobalt, forecasts annual production around $400 million. The Compania Guatemalteca de Niquel, S.A., which will mine for nickel, cobalt and iron, has invested $380 million in the project to date, according to the ministry.
Extraction will be controlled to two regions of Guatemala and will generate around 3,000 employees, the ministry said.
http://www.mineweb.com/mineweb/content/en//mineweb-exploration?oid=184738&sn=Detail
(Short article, no more at link.)
