Iron Oxide Potential in Honduras
Wednesday, August 14, 2013
84 applications for exploiting iron oxide are awaiting the implementation of the Law on Development Promotion and Public Debt Restructuring.
One example of the country's potential is the company Five Star Mining, which according to the Central Bank of Honduras (BCH), between 2010-12 exported 2.4 million tons of iron oxide to China. reports: "With respect to other exploited metals, iron oxide is one of the "non-metallics" that has experienced growth over the past three years, going from $8.4 to $60.7 million in exports".

"For us, the debt conversion law was put in place just because of the negotiation of iron oxide for Chinese companies," said Pedro Landa, mining expert.

"As you can see, they have reserved the approval of the iron oxide concessions until the end of this negotiation, first with the Minister of Natural Resources (Rigoberto Cuellar) and Minister Arturo Corrales on his recent visit to China and now with this Chinese mission which visited the country after the law was passed," he said.

"It is clear that what the government is doing is reserving most of the exploitations of iron oxide in order to negotiate with the Chinese in this process of rapprochement and trade negotiations with the Asian country," he added.
More on this topic
Mining: Progress on $120 Million Project
October 2019
Inversiones Los Pinares, in charge of building an iron oxide mine in Tocoa, Honduras, plans to begin exporting to the U.S. market in late 2020 or early 2021.
Representatives of the company informed that currently the construction works of the plant are carried out where the iron oxide that will be extracted from the mine will be processed and also warehouses, administrative offices and other enclosures are built.
Honduras: Investment in Mining Industry Growing
January 2014
The growth of the metal mining sector and the framework provided by a new mining law have generated interest from foreign companies.  
Up until October 2013, the share of mineral products in exports of general merchandise was $232.7 million, equivalent to 7%. This, and the adoption of a new mining law last year, has attracted interest from foreign investors who have set their eyes on Honduras.
Iron From Honduras to China
May 2013
A government commission has traveled to China to negotiate direct sales of iron oxide from the Agalteca mine.
This was stated by Santos Gabino Carvajal, president of the National Association of Metal Mining in Honduras (Anamimh), who in a meeting with Aldo Santos, chief of the Directorate for the Promotion of Mining (Defomin), explained that the idea is to send in directly iron oxide mined in Agalteca in Francisco Morazán.
Mining in Central America
June 2010
El Salvador and Costa Rica say NO. Panama and Nicaragua say YES. Guatemala and Honduras are expected to decide soon.
Gold and copper prices are on the rise, and investors are eager to put money in extraction projects all over Central America.
iron oxide
Key entities
Government of Honduras Five Star Mining Central Bank of Honduras Pedro Landa Secretaría de Recursos Naturales y Ambiente, la Dirección de Fomento a la Minería Rigoberto Cuéllar Arturo Corrales
Honduras China
concession Mining concessions public consessionmining Metal mining mining exploration miningmining investment mining permits Mining & Geology
Mining & Geology
Mining concessions
mining exploration
mining investment
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