LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

March 14, 2022

Is Castro Finding a Fair Balance for Honduran Mining?

Honduras’ government announced this month that it will ban open-pit mining in the country and also cancel mining permits. The Los Pinares mine in Honduras is pictured. // File Photo: Inversiones Los Pinares.

Q

A

Juan Carlos Sikaffy, president of the Honduran Council of Private Enterprise: “Honduras’ private sector has expressed its support for the new government of President Xiomara Castro and its desire to work together to generate jobs and wealth for our country. Honduras, after a pandemic and two hurricanes, urgently needs economic and social recovery. In this sense, we have asked the government for support to improve the conditions for doing business. Unfortunately, this measure on mining does not improve that situation. On the contrary, it will affect sectors such as cement and construction, which generate massive employment—just what we need right now. Likewise, industries that use hydrated lime, such as agriculture, construction, poultry and thermoelectric plants to generate electricity would be seriously affected. Without extractive sand and gravel collection and the production of lime, we could face the total collapse of the construction industry, implying the need to import products instead of producing them locally at lower prices…”

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The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Merike Blofield
Professor of Political Science,
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Devry Boughner Vorwerk
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Joyce Chang
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James R. Jones
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Int’l Gov’t Relations,
Exxon Mobil

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Professor of Political Economy,
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US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
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Beatrice Rangel
Director,
AMLA Consulting

Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

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President, Rozental &
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Sovereigns, Fitch

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