Chinese company Brother Metal receives mining concession in Madriz
Nicaragua grants 2,605 mining hectares in Madriz to Brother Metal S.A., represented by a Chinese businesswoman. Exploitation includes metallic and non-metallic minerals in Totogalpa, Yalagüina, and Palacagüina.
TL;DR
- The Ministry of Energy and Mines granted a new mining concession to Brother Metal S.A.
- The concession is located in the Madriz department and is named Yalagüina II.
- It covers more than 2,600 hectares in three northern municipalities.
- This expansion involves capital linked to Chinese entrepreneurs in Nicaragua's extractive sector.