Regime Grants Over 42,000 Hectares to Chinese Mining Company
The regime of Daniel Ortega and Rosario Murillo granted a new mining concession to the Chinese company Nicaragua Xiajing Minería Group S.A., the tenth granted to Chinese capital after U.S. sanctions on the gold business.
Regime Grants Over 42,000 Hectares to Chinese Mining Company The Nicaraguan regime has granted a new 25-year mining concession covering over 42,000 hectares to the Chinese company Nicaragua Xiajing Minería Group S.A. This marks the tenth concession to Chinese capital following U.S. sanctions on the gold sector. Chinese companies have received concessions for over 8.5% of Nicaraguan territory since 2021, with interests potentially extending beyond gold to critical minerals.
- Nicaragua has granted a new mining concession of 42,601.93 hectares to the Chinese company Nicaragua Xiajing Minería Group S.A.
- This is the tenth concession granted to Chinese capital following U.S. sanctions on Nicaragua’s gold business.
- The concession, valid for 25 years and renewable, is located in the North Caribbean Coast Autonomous Region.
- Since 2021, 18 Chinese companies have been granted 81 mining lots covering over 8.5% of Nicaragua’s territory.
- Nicaragua’s gold exports significantly increased in 2025, making raw gold its main export product.
- Chinese companies are reportedly interested in exploiting critical minerals beyond gold and silver, including copper and cobalt. https://despacho505.com/nacionales/61590-mineria-china-regimen-ortega-costa-caribe/
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