National

El Salvador lawmakers overturn mining ban in win for president

Dec 24, 2024

San Salvador [El Salvador], December 24: El Salvador's legislature overturned a seven-year-old ban on metals mining, a move that President Nayib Bukele had pushed for to boost economic growth, but that environmental groups had opposed.
El Salvador became the first country in the world to ban all forms of metals mining in 2017.
Bukele, who took office in 2019, has called the ban absurd.
All 57 of Bukele's allies in the Central American country's 60-seat legislature voted for the president's legislation to overturn the ban.
The legislation will grant the Salvadoran government sole authority over mining activities within the country's land and maritime territory.
"By creating a law that puts the state at the center, we are guaranteeing that the population's wellbeing will be at the center of decision making," lawmaker Elisa Rosales, from Bukele's New Ideas party, said in a speech to the legislature.
The legislation does prohibit the use of mercury in mining, and seeks to declare some areas incompatible with metals mining as protected nature reserves.
El Salvador's economy is expected to grow 3% this year, according to the International Monetary Fund, but it has a heavy debt burden that hit a level of around 85% of gross domestic product earlier this year.
Bukele, who enjoys wide popularity among voters after a gang crackdown, has touted mining's economic potential for the country of roughly 6 million people.
The president shared on social media last month that studies conducted in just 4% of Salvadoran territory where mining is possible had identified gold deposits worth some $132 billion, equivalent to about 380% of El Salvador's GDP.
"This wealth, given by God, can be harnessed responsibly to bring unprecedented economic and social development to our people," Bukele wrote at the time.
Dozens of people protested on Monday near Congress against the reauthorization of mining, arguing that future projects could affect the communities and ecosystem of the smallest country in Central America.
"We oppose metals mining because it has been technically and scientifically proven that mining is not viable in the country," environmentalist Luis Gonzalez told reporters.
"The level of contamination that would be generated in the water, soil and biodiversity is unacceptable for life as we know it."
Source: Fijian Broadcasting Cooperation

More news

25th Edition of Asian Business & Social Forum 2025 and SIT20 Summit

New Delhi [India], April 21: AsiaOne Media Group successfully hosted a mega summit namely the 25th Edition of Asian Business & Social Forum 2025 and SIT20 (Saudi Arabia - India - Thailand 20) Conference at the majestic Bharat Mandapam in New Delhi on 16th April 2025, which was attended by eminent personalities from the realm of business, politics, cinema, and arts from all over the globe. The centre of attraction was the participation of diplomats of 20 countries, 2 ministers and distinguished leaders from varied spheres.

Apr 21, 2025