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Nicaragua grants Chinese miners rights to a tenth of its territory
Original: Gold-rich Nicaragua hands Chinese miners rights to a tenth of its land
Nicaragua has awarded Chinese mining companies concessions covering roughly a tenth of its national territory, according to a Financial Times report. The move hands foreign firms access to land in one of Central America's most gold-rich countries, drawing attention to the deepening economic ties between Managua and Beijing and raising questions about sovereignty, environmental impact and local communities' rights over the affected areas.
Why now: The scale of the concessions and Nicaragua's close alignment with China make the deal a striking example of Beijing's growing economic influence in Central America.
Evidence
- Gold-rich Nicaragua hands Chinese miners rights to a tenth of its land · JumpCrisscross · 6
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