Nicaragua’s dictatorship grants huge gold mining concessions to China

Nicaraguan dictator Daniel Ortega and vice-dictator/wife Rosario Murillo celebrate China’s colonization of Nicaragua with officials of the China International Development Cooperation Agency

From our Bureau of Leftist Latrine American Whoredom with some assistance from our very tired Bureau of Twenty-First Century Neocolonialism

As Castro, Inc.’s reptilian Foreign Minister sells more of Cuba to China, Castro, Inc.’s colony of Nicaragua is selling even more of itself to the Asian Goliath. Yes. China is ready to strip all of the gold Nicaragua might hold, with the blessing of co-dictators Daniel Ortega and Rosario Murillo.

Meanwhile, Jar-Jar Biden and his toadies focus on other things, such as ensuring the imprisonment of Donald Trump and convincing the public that Jar-Jar’s very obvious mental and physical disabilities are not affecting his decision-making at all. Lord have mercy.

From Havana Times:

China is gaining large areas for metal mining in Nicaragua at an accelerated pace, with the “blessing” of the dictatorship of Daniel Ortega and Rosario Murillo. In six months, between October 2023 and April 2024, three Chinese companies have received thirteen mining concessions. The sum of these thirteen lots granted is equivalent to 11.66% of the total number of hectares granted for metallic mining in Nicaragua, according to official data from the Ministry of Energy and Mines (MEM), analyzed by CONFIDENCIAL.

Concessions to Chinese mining companies have also been expeditious. All of them were approved between two to eight months after being requested.

The thirteen lots granted to Chinese companies are distributed in nine municipalities in Nicaragua. Eight are located in the North Caribbean Coast Autonomous Region (RACCN) and are part of a municipality in Jinotega. Another four lots are in the department of Chinandega, and one more is in the Autonomous Region of the South Caribbean Coast (RACCS). In addition, three other applications are pending: two in the North Caribbean, and a third in the department of Estelí.

The thirteen metallic mining lots in Nicaragua, granted to China, are in the hands of three companies: Zhong Fu Development S.A., Thomas Metal S.A., and Nicaragua XinXin Linze Minera Group S.A.

Each mining concession is valid for 25 years, and the three companies have exclusive rights to explore, exploit, and establish beneficiation plants to process mining materials.

Zhong Fu Development, S. A. is the Chinese company with the most metallic mining concessions in Nicaragua. On February 28, 2023, this company requested eight lots located in the North Caribbean and the departments of Chinandega and Jinotega from the Ministry of Energy and Mines.

On October 10, the Santo Tomás concession was approved, located between the municipalities of Cinco Pinos and Santo Tomás del Norte, in Chinandega. Twenty-one days later, on October 31, another six of the eight concessions requested were authorized: Columbus I, Kuikuinita I, Mulukukú, Puerto Cabezas, Siuna, and Waslala. In other words, seven of the eight concessions were approved in less than eight months, although the certifications were published on November 11 and December 20 in the Official Gazette La Gaceta.

Zhong Fu Development, S.A. also stands out among the Chinese mining companies because it obtained the transfer of a concession from Compañía Minera Internacional, S.A. (Comintsa), less than a month before the U.S. Treasury Department sanctioned it.

On April 17, 2024, the MEM authorized the transfer of the Tutuwaka lot in the El Rama municipality, in the South Caribbean of Nicaragua, granted in May 2022 to Comintsa. Less than a month after this transfer, on May 15, Comintsa was sanctioned by the United States.

According to the Treasury Department, Comintsa “is owned and operated” by Salvador Mansell Castrillo, holder of the Energy and Mines portfolio, sanctioned by the Treasury Department in November 2021.

“Gold is Nicaragua’s main commodity export, and this action (the sanction) is intended to degrade the Ortega-Murillo regime’s ability to manipulate the sector and benefit from Comintsa’s corrupt operations,” assured the Treasury Department, which also sanctioned the company Capital Mining, which it pointed out of being “an intermediary in the gold sector controlled by Laureano Ortega Murillo and Mansell Castrillo.”

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