New law in Honduras aims to boost mining


For over seven years, Honduras’ mining sector has languished, with neither a legal framework nor new investment to spur exploration in areas rich in iron ore, lead, zinc, gold and silver. That may have pleased environmentalists, who fear mining’s effects on rivers and soils. But it disappointed many in the business sector who believe Honduras could attract billions in foreign investment and become Central America’s premier mining power. That landscape changed on Jan. 23, when the Honduran Congress passed a sweeping new law that could open the country up to mining and to foreign investors who have felt thwarted by the lack of clear mining legislation. While environmentalists object to many parts of the legislation, including its acceptance of open-pit projects, mining advocates are... [Log in to read more]

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