Nicaragua
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Symbolic Sanctions
On May 15, 2024, the US Treasury Department sanctioned two Nicaraguan gold companies, Compañía Minera Internacional (COMINTSA) and Capital Mining Investment Nicaragua (“Capital Mining”), claiming that they are bringing in revenue for the Ortega-Murillo regime and are engaging in “corrupt practices.” The sanctions were carried out under Executive Order 138512 signed by President Donald Trump in 2018, which authorized sanctions against individuals...
Nicaragua's Gold Rush
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Is Nicaragua For Sale?
In May 2020, the Oakland Institute published an independent report that documented the incessant violence facing the Indigenous and Afro-descendant communities in the North Caribbean Coast Autonomous Region (RACCN) and provided in depth information about the actors involved — foreign gold mining firms, national and international actors in logging and cattle ranching industries, as well as prominent Nicaraguan officials.
One Degree Removed
Over the last two decades, three men have exerted control over a set of massive mining concessions in a region of northeastern Nicaragua known as the Mining Triangle (Triángulo Minero) . Despite protections for Indigenous land rights in Nicaraguan and international law, American mining engineer J. Randall Martin and two business partners — Thomas W. Lough of Canada and Sergio Ríos Molina of Nicaragua — have obtained approximately 200...
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