40,000 Hectares of Mining Concessions Granted to Chinese Firm
The Nicaraguan government granted nearly 40,000 hectares of mining concessions to a Chinese company, reinforcing the extractive model of the Ortega-Murillo regime and the influence of Chinese capital in strategic sectors of the country.
TL;DR
- Nearly 40,000 hectares granted in mining concessions.
- Concessions awarded to a company with Chinese capital.
- Deepens Nicaragua's extractive model.
- Increases China's presence in strategic sectors.
- Concerns raised about lack of transparency and sovereignty.