Mining at the gates of Managua: companies linked to the military receive lots in Ciudad Sandino
The permits have a validity of 25 years and establish a maximum period of four years to start operations once the title is accepted.
TL;DR
- Concrenic, linked to the Military Social Security Institute, received authorization to exploit non-metallic materials.
- Three mining concessions totaling 131.51 hectares were granted in the Managua department: Mina Buena Vista (37.89 ha), Mina Xolotlán (35 ha), and Mina Xiloá (58.62 ha).
- The permits are valid for 25 years, with a four-year deadline to commence operations.
- Extracted materials will be used for cement, concrete aggregates, and asphalt production.
- This expansion enables Concrenic to vertically integrate its production chain and strengthen its position in public tenders.