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Nicaragua: Daniel Ortega Opens Road and Gold Mine
Nicaraguan President Daniel Ortega will open on Tuesday a road and a gold mine in the department of Chontales, about 150 kilometers (92 miles) from Managua.
Daniel Ortega opens a road and a gold mine in Chontales.
The new 33-kilometer (20 miles) road will link the city of La Libertad, administrative department of the municipality with the same name, to the city of Juigalpa, capital of Chontales, and will contribute to the area's socioeconomic development.
This is the first time that La Libertad and Juigalpa are linked by a paving road that is now repalcing the old path, which had a high maintenance cost.
President Ortega born in La Libertad in September 11, 1945 and Cardinal Miguel Obando y Bravo, also native of the city, will be present at the opening ceremony.
After the ceremony, Ortega will also attend the reopening of a gold mine in La Libertad, operated by the Canadian B2Gold Company that has invested 54 million dollar equippig the mine.
The mine's reopening will provide 350 new jobs, starting from June, and is expected to produce from 80,000 to 90,000 gold ounces annually, representing $85 million of the gross exports, according to Mining and Energy Minister Emilio Rappaccioli.
Rappaccaioli explained that the mine would contribute around $30 million to the national economy.
The Canadian company has also invested in other mining explorations in other areas of the country, reflecting the confidence of the foreign investors in the Nicaraguan government.
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