HEMCO Representatives Arrive in Nicaragua After Million-Dollar Fine Imposed by the Regime
The visit of HEMCO executives to Nicaragua occurs after the imposition of a million-dollar fine for alleged unpaid taxes, in a context of growing international pressure on mining in the country.
TL;DR
- HEMCO executives visited Nicaragua for meetings with regime officials.
- The company was previously fined $49.3 million for alleged unpaid taxes between 2019 and 2023.
- The meetings included officials such as Laureano Ortega Murillo, Salvador Mansell, and Ovidio Reyes.
- This visit occurs in a context of the regime's direct engagement with mining sector investors.
- Nicaragua's mining sector is facing international scrutiny, including U.S. Senate bill S.3496 targeting illegal gold trade.
- HEMCO is owned by the Colombian company Mineros S.A.