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El Salvador, which became the first country in the world to ban metals mining, could be losing out economy-changing wealth due to its massive unearthed gold deposits, says its President Nayib Bukele., Bukele said that the Central American nation is sitting on unmined gold worth as much as $3 trillion, which is roughly over 8,800% of its current GDP. “We’ve also found gallium, tantalum, tin and many other materials needed for the 4th and 5th industrial revolution,” Bukele said.
His predecessor, former left-wing rebel Salvador Sanchez Ceren, imposed the mining ban in 2017 following pressure from rural communities who had expressed concerns about harmful chemicals like cyanide and mercury used in mining practices. Ubicado en el Anillo de Fuego del Pacífico, una de las zonas más ricas en recursos minerales gracias a su actividad volcánica…🧵Bukele went on to say that mining just 4% of the country’s gold deposits would bring in $131 billion, equivalent to 380% of its GDP.
However, as his predecessor and other Central American nations have recently found out, any pro-mining proposal would be met with strong opposition.
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