40,000 Hectares of Mining Concession Granted to Chinese Company Nicaragua Xinxin Linze Minera Group
Nicaragua granted two mining concessions to a Chinese company for almost 40,000 hectares in Bluefields, Siuna, and Bocay. The permits are valid for 25 years and include per-hectare payments and a 3% royalty on one of the lots.
TL;DR
- Nicaragua granted two mining concessions to a Chinese company.
- The concessions cover nearly 40,000 hectares in Bluefields, Siuna, and Bocay.
- Permits are valid for 25 years.
- Payments include per-hectare fees and a 3% royalty on one lot.