Deal #3670
Nicaragua
Created at
2013-05-04
Last update
2016-04-06
Last full update
2016-04-06
Land area
Size under contract (leased or purchased area)
- [2012, current] 12000.0 ha
Intention of investment
Intention of investment
- [current] Mining
Nature of the deal
Nature of the deal
Lease, Exploitation permit / license / concession (for mineral resources)
Negotiation status
Negotiation status
- [2009, current] Concluded (Contract signed)
Implementation status
Implementation status
- [2012, current] Startup phase (no 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.