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In 2008 the mining exploitation was legalized in Costa Rica by former president and Nobel Peace Prize winner Oscar Arias-Sánchez.    Photo via Ministry of Environment.

Costa Rica presents project for mining exploitation



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Published on Wednesday, November 27, 2024
By the A.M. Costa Rica staff





The government presented Congress with bill No. 24.717, which allows mining exploitation.



The bill, titled Law to Regulate the Exploration and Exploitation of Sustainable Open-Pit Metallic Mining, seeks to partially modify Costa Rica's current Mining Regulation Law No. 6797.



The law's modification seeks permission to conduct mineral exploration of Crucitas Mountain in Curtis District, San Carlos Canton in the northern zone of Alajuela Province, near the border with Nicaragua.





 



If Congress approves this bill, the Ministry of Environment may hold an auction to choose companies interested in conducting mining activities in the zone.



The chosen firms must pay the State an annual fee of 5% of their total sales from mining activities.



The bill proposes allocating 20% of the State budget to infrastructural and environmental restoration initiatives in San Carlos Canton. In addition, the local government of San Carlos will get 5% of the funds to support regional projects.



In July 2024, the World Bank's International Centre for Settlement of Investment Disputes found Costa Rica's favor in a $394 million dispute with Canadian mining firm Infinito Gold over revoking a gold mining license in 2010.



 

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How can Costa Rica benefit from gold mining without damaging the environment? We would like to know your thoughts on this story. Send your comments to news@amcostarica.com



  


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