Guatemala Issues New Mining Licenses

Bloomberg reported that Guatemala has granted permission for two new mining licenses.

As quoted in the market report:

Minera San Rafael S.A., which will mine for gold, silver nickel and cobalt, forecasts annual production around $400 million. The Compania Guatemalteca de Niquel, S.A., which will mine for nickel, cobalt and iron, has invested $380 million in the project to date, according to the ministry.

To view the whole Bloomberg report, click here.