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Sector
Basic Materials
Size
Large Cap
Market Cap £5.27bn
Enterprise Value £5.21bn
Revenue £1.13bn
Position in Universe 933rd / 6400

Nicaraguan government denies permit to B2Gold mining project

Tue 13th October, 2015 1:14am
MANAGUA, Oct 12 (Reuters) - The Nicaraguan government has 
denied a permit to a unit of Canada's B2Gold  BTO.TO  for a 
gold-mining project due to environmental concerns, officials 
said on Monday.  
    The Tajo Pavon project, which would be located about 132 
miles (212 km) northeast of the capital, could affect two rivers 
and local nature reserves, the ministry of environment and 
natural resources (Marena) said.  
    The project proposed by B2Gold's local subsidiary, Nueva 
Esperanza, cannot move forward now, Marena said.  
    First lady and government spokeswoman Rosario Murillo said 
environmental experts concluded that the project, which the 
company has been exploring for three years, is not viable 
because it would negatively impact nearby communities and water 
sources.  
    B2Gold in Nicaragua did not have an immediate comment.  
     
 
 (Reporting by Ivan Castro; Writing by Joanna Zuckerman 
Bernstein; Editing by Leslie Adler) 
 ((joanna.bernstein@thomsonreuters.com;)) 
 
Keywords: NICARAGUA B2GOLD/
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