The event mainly seeks to share the business opportunities that exist in Nicaragua’s mining sector. “Our interest is to highlight the progress of the mining sector in recent years and evidence the importance of mining in Nicaragua’s economic development, as well as the advantages that exist, such as the solid legal framework, attractive fiscal incentives, security and macroeconomic stability”, acknowledged Sergio Ríos, President of CAMINIC.
The structure of the three-day event will be divided into four parts: a two-day conference program to address different topics such as international industry trends, growth of the mining sector in Nicaragua, how to do business in Nicaragua, legal framework and incentives and main investment opportunities;
Throughout the years, Nicaragua’s mining has become one of the country’s most important sectors in terms of exports. According to the Central Bank of Nicaragua (BCN, for its acronym in Spanish), gold represented the country’s main export product reaching US$435.9 million in 2013, a 3 percent increase in comparison to the US$422.8 exported in 2012, despite decreasing international prices. Furthermore, in 2013 the country’s gold production increased by 38 percent, reaching 309,960 troy ounces.
Additionally, some of the international companies that are currently developing successful projects in Nicaragua are B2Gold Corp., Condor Gold, Hemco, and Golden Reign Resources Ltd. All of these companies comply with national legislation and implement social responsibility practices with their employees, the communities where they are established and the environment.