China is gaining large areas for metal mining in Nicaragua at an accelerated pace. In six months, between October 2023 and April 2024, three Chinese companies have received thirteen mining concessions. The sum of these thirteen lots granted is equivalent to 11.66% of the total number of hectares granted for metallic mining in Nicaragua.
The thirteen metallic mining lots in Nicaragua, granted to China, are in the hands of three companies: Zhong Fu Development S.A., Thomas Metal S.A., and Nicaragua XinXin Linze Minera Group S.A.
Each mining concession is valid for 25 years, and the three companies have exclusive rights to explore, exploit, and establish beneficiation plants to process mining materials.
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