Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3670

Deal #3670 Version #62865

Nicaragua

Created at

2013-05-04

Last update

2013-05-16

Last full update

2016-04-06

Land area

Size under contract (leased or purchased area)

[2012, current] 12000.0 ha

Intention of investment

[current] Mining

Nature of the deal

Lease, Exploitation permit / license / concession (for mineral resources)

Negotiation status

[2009, current] Concluded (Contract signed)

Implementation status

[current] In operation (production)

Leasing fees

Comment on leasing fee

Each mineral concession under the Nicaraguan Mining Code is subject to an agreement issued by the government of Nicaragua that includes the rights to explore, develop, mine, extract, export and sell the mineral commodities found and produced from the concession. Escalating annual surface taxes are payable to the Nicaraguan government for the Limon mineral concession. The surface tax rate was US$4.00 per hectare in 2009 and a maximum rate of US$12.00 per hectare will be reached in 2012 and maintained through subsequent years.