{"id":320655,"date":"2025-04-03T18:17:01","date_gmt":"2025-04-03T22:17:01","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=320655"},"modified":"2025-04-03T18:17:01","modified_gmt":"2025-04-03T22:17:01","slug":"the-cuban-government-reaffirms-its-bet-on-gold-mining","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/economy\/the-cuban-government-reaffirms-its-bet-on-gold-mining\/","title":{"rendered":"The Cuban Government reaffirms its bet on gold mining"},"content":{"rendered":"

While severely fighting illegal mining, the Cuban government announced new concessions for gold prospecting in the provinces of Sancti Spiritus and Camag\u00fcey, in a new bet on the mining sector<\/a> as a possible source of income for the depressed state coffers.<\/p>\n

The decision, made by the Executive Committee of the Council of Ministers and signed by Prime Minister Manuel Marrero, seeks to consolidate the exploration of this valuable natural resource, with a view to its future commercial exploitation.<\/p>\n

Agreement 10086\/2025, published in the Official Gazette<\/a>, extends until February 2027 the concession granted to Empresa Geominera del Centro to continue geological research in the Macaguabo area, in the municipality of Sancti Sp\u00edritus.<\/p>\n

The extension of the term, which initially expired in 2025, will allow further studies on gold resources in this region, which is considered one of the most promising in the country.<\/p>\n

On the other hand, Agreement 10087\/2025, included in the same Gazette, authorizes new geological investigations in Camag\u00fcey, another province with a significant history in mining production.<\/p>\n

The works are located in the area called Alrededores Jacinto, located in the municipalities of Sibanic\u00fa and Gu\u00e1imaro. They will be in charge of Empresa Geominera de Camag\u00fcey for three years, to verify past results and investigate new gold concentrations.<\/p>\n

Requirements for the concessions<\/strong><\/p>\n

Cuban authorities emphasized that the concessions now granted must be governed by strict technical and environmental standards established in Law 76 \u201cMining Law\u201d and its regulations.<\/p>\n

In this regard, the companies that will carry out the investigations, both state-owned, must comply with several key requirements, among them environmental compliance, which requires guaranteeing that the prospecting work does not generate significant negative impacts on local ecosystems.<\/p>\n

They will also have to carry out their work under the technical supervision of the National Office of Mineral Resources to ensure compliance with established standards.<\/p>\n

In addition, they must implement modern technologies in their research to optimize the extractive processes and reduce operating costs, ensuring the sustainability of the projects.<\/p>\n

Another requirement is contractual transparency, which includes respecting the terms and conditions established by the Executive Committee of the Council of Ministers.<\/p>\n