Mining concession granted to Chinese company Brother Metal for over 2,000 hectares
Last week, the National Assembly attached the General Directorate of Mines to the Attorney General's Office.
TL;DR
- Brother Metal, a Chinese company, received a 2,605.27-hectare mining concession in Madriz for 25 years.
- The concession, named Yalagüina II, spans the municipalities of Totogalpa, Yalagüina, and Palacagüina.
- Environmental groups like Fundación del Río question the qualifications and business models of these mining companies, suggesting they primarily act as intermediaries.
- The General Directorate of Mines, previously sanctioned by the US, has been placed under the Attorney General's Office, potentially increasing the regime's control over concessions.
- Critics argue this consolidates power for the regime to grant extensive land rights to Chinese partners with questionable reputations.