economy
May 9, 2026
Nicaragua's Regime Grants Two New Mining Concessions to India Gold for Over 12,000 Hectares
Over 12,000 hectares were granted by the Ortega-Murillo regime to India Gold S.A. in new mining concessions located in Chinandega, León, and Matagalpa. Environmentalists believe stalled projects were unblocked following the visit of a British businessman.
TL;DR
- The regime of Daniel Ortega and Rosario Murillo granted two new mining concessions to India Gold S.A., covering over 12,000 hectares.
- One concession is a renewal for the 'La India' lot (6,850 hectares) in Matagalpa and León, with roots dating back to 2002.
- The second concession is for the 'Cinco Pinos I' lot (5,401.85 hectares) in Chinandega.
- Environmentalist Amaru Ruiz suggests these concessions could be linked to business movements and a recent visit by a British businessman connected to India Gold and Condor Gold.
- The company must fulfill economic obligations, including surface rights fees and a 3% royalty on extracted minerals.
- Environmental organizations and opposition sectors have raised concerns about the rapid increase in mining concessions and their potential impact on natural resources and communities.