Nicaragua has granted mining concessions covering more than a tenth of its territory to Chinese companies over the past three years, according to the Financial Times.
The FT reports that a total of 80 concessions have been awarded to 16 Chinese companies since 2023.
The combined licensed area is said to cover about 1.4 million hectares, representing around 11% of Nicaragua’s land mass — or roughly equivalent to the size of Northern Ireland.
While the concessions are not limited to specific metals or minerals, Nicaragua is considered particularly prospective for gold.
Nicaragua is already Central America’s largest gold exporter and hosts several established mining operations, including a large complex operated by Equinox Gold (TSX:EQX).
Consultancy Metals Focus estimates Nicaragua still holds around 250 tonnes of gold resources in the ground.
China expands presence
The mining push forms part of a broader strengthening of relations between China and Nicaragua since the two countries restored diplomatic ties in 2021.
President Daniel Ortega’s government has also pursued Chinese-backed infrastructure projects, including proposed developments at ports on Nicaragua’s Pacific and Atlantic coasts and the redevelopment of a major airport.
China’s growing presence in Nicaragua comes as Beijing and Washington compete for access to strategic resources and economic influence within Latin America.
Since the beginning of 2025, the US has directed more than US$1 billion ($1.42 billion) toward critical minerals investments across the region.
Write to Jackson Chen at Mining.com.au
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