The Nicaraguan regime continues to distribute the national territory at will to mining companies with Chinese capital. In the ministerial agreement 024-EMC-M-009-2024, it formalized a new mining concession to the company Nicaragua Xinxin Linze Mining Group Limited Companyregistered in Nicaragua but operated with Chinese capital and represented by Eduard Xiang Liu, a businessman of Chinese nationality.
“On behalf of Nicaragua, the company Nicaragua Xinxin Linze Mineria Group Sociedad Anónima is granted a mining concession for the exploitation of metallic and non-metallic minerals in the lot called Río Dorado, with a surface area of 3,628.71 hectares, located in the municipality of San Juan de Limay, in the department of Estelí,” details the agreement disclosed on August 13 in La Gaceta.
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In the first half of 2024, the Nicaraguan company XinXin Linze Minera Group, Sociedad Anónima has received – including the one granted this Tuesday – a total of four mining concessions, totaling 42,980.71, located on land in Jinotega, Estelí and Caribe Norte.
The first concessions received by this company were: one for 651 hectares of the “Chinotega” lot located between San José de Bocay, in Jinotega, and Siuna, in the North Caribbean; the second for 36,610 hectares of the Nuevo Bijagual lot, located between the municipalities of Siuna and Mulukukú, in the North Caribbean; and the third for 2,091 hectares located in Puerto Cabezas, North Caribbean.
Thousands more hectares handed over to Chinese companies
The Nicaraguan regime, including the 40,889.71 hectares of Nicaragua Xinxin Linze Minera Group, in the first months of this year handed over more than 200 thousand hectares of land for mining exploitation to companies run by Chinese businessmen.
Another of the Chinese companies that benefited this year was Zhong Fu Development Company, which has received several concessions with which it adds up to a total of 181,206 hectares distributed in the municipalities of Siuna, Mulukukú, Waslala, Waspam and Puerto Cabezas, in the North Caribbean.
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The company also received at least three mining exploitation permits. Thomas Metal Limited Company, with which it added 10,308 hectares of land located in Chinandega.
