Regime Expands Chinese Mining Control: Brother Metal Exceeds 208,000 Hectares in Nicaragua
The dictatorship authorized Brother Metal, a Chinese-capitalized company, to take over three more concessions totaling 2,605.27 hectares in Madriz, consolidating its presence in the Nicaraguan mining sector.
TL;DR
- The Nicaraguan government granted a new mining concession to Chinese company Brother Metal Sociedad Anónima.
- The concession covers 2,605.27 hectares in the Yalaguina II area, across Totogalpa, Yalagüina, and Palacagüina municipalities in Madriz.
- This new concession increases Brother Metal's total mining area in Nicaragua to over 208,000 hectares.
- The concession is valid for 25 years from its publication.
- Concerns exist about the transparency of environmental assessments and community consultations for Chinese mining concessions in Nicaragua.