17 Hrs
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الاقتصادية
Nicaragua Opens Land to Chinese Miners
Since 2023, Nicaragua has granted Chinese companies mining concessions covering over 11% of the country's land, as part of Beijing's efforts to strengthen its presence in the gold-rich nation. The licensed areas amount to approximately 1.4 million hectares, and gold and copper products are among the main resources targeted by these companies. These resources hold significant economic importance, as gold mining alone accounted for more than one-fifth of Nicaragua's exports last year. These concessions are part of the strong ties between Nicaragua and China, amid declining U.S. influence and Beijing's increasing support for economic projects and infrastructure development. However, there are environmental concerns regarding the expansion of Chinese mining companies.
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