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Nicaragua’s communist regime has granted control of the nation’s gold mines to China in dubious and expedited procedures, the Argentine news outlet Infobae
The three companies, Infobae stated in its report, would manage 11.66 percent of the entire mining area that communist dictator Daniel Ortega has so far leased, which is estimated at almost 2 million hectares according to official information. “The designations of Comintsa and Capital Mining target government-affiliated gold companies generating revenue for the Ortega-Murillo regime,” the Department of the Treasury stated. “Gold is Nicaragua’s top commodity export, and this action aims to degrade the ability of the Ortega-Murillo regime to manipulate the sector and profit from the corrupt operations of Comintsa and Capital Mining.
The environmentalist asserted that the Ortega regime is searching to circumvent the sanctions to its gold mining industry but that the sanctions “have had a very limited impact for my taste.” Ruiz pointed out that China’s presence does not mean that the gold is being exported to China and asserted that there is no change in the country’s export market.
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