In The News
U.S. sanctions imposed in 2022 against Nicaragua’s mining industry were supposed to help combat a bloody wave of human rights abuses against local communities. But several years later, some aspects of the sanctions still aren’t being enforced, allowing mining companies to continue operations and even expand into new parts of the country.
Papua New Guinea (henceforth as PNG) is resources rich and this ecological diversity could lead to actuating the Resource Curse Theory. Land as a component of nature and a pivot of economic centrism in case of PNG is worth evaluation. The Land Reforms in PNG entail a long story of upheavals and downplays especially against a highly mercurial political economy context.
In a new report, Nicaragua’s Gold Rush, the Oakland Institute exposes how, despite US sanctions on Nicaragua’s gold mining sector, the industry has boomed, fueled by foreign business interests. The US is the primary destination, accounting for a staggering 79 percent of total Nicaraguan gold exports.
The sanctions that the US Department of the Treasury approved in 2022 against Eniminas, the state-owned company that regulates the issuance of mining concessions, are not being enforced, according to an Oakland Institute report. This has allowed the expansion of the mining business to continue in Nicaragua’s indigenous territory