Calibre Mining has merged with Equinox Gold to form New Equinox Gold, which will produce a significant amount of gold. The Nicaraguan government is also granting numerous mining concessions to Chinese firms, raising environmental concerns. The merger and new concessions represent a pivotal moment in the region’s mining landscape, with potential impacts on indigenous communities and the environment.
Calibre Mining Company, which operates mines in Nicaragua, has announced its merger with the Canadian firm Equinox Gold. This combination aims to establish the second largest mining entity in Canada in terms of their joint investments. Calibre Mining runs the El Limon and La Libertad mines in Nicaragua and will continue operations under the new name New Equinox Gold, while maintaining its management structure.
The merger of Calibre Mining and Equinox Gold will create a significant entity in the mining industry, poised for increased production of gold amidst a burgeoning market. Amidst these developments, the Nicaraguan government is actively expanding mining concessions, particularly favoring Chinese companies, raising concerns among environmental advocates and indigenous communities.
Original Source: havanatimes.org
