Regime hands over almost 40,000 hectares of mining concessions to Chinese company
Nicaragua Xinzin Linze Minería Group S.A. will have two new extensions to exploit metallic and non-metallic minerals in Nicaragua
TL;DR
- Nicaragua's Ministry of Energy and Mines granted two mining concessions to Nicaragua Xinzin Linze Minería Group S.A.
- The concessions cover a total of almost 40,000 hectares in the South and North Caribbean Autonomous Regions.
- The company is authorized to exploit metallic and non-metallic minerals for 25 years, with a 4-year period to begin extraction.
- This aligns with the regime's policy of distributing land to Chinese mining companies.
- Other Chinese companies have also recently ceded or obtained mining concessions in Nicaragua.