Montufar
The region of Lake Izabal in Guatemala has great mining potential, not just to the north but also south of the lake in the area known as Montúfar in the Municipality of Amates, Izabal. This deposit also discovered 30 years ago, anticipated long-term mining operations.
Unlike FeNix, Montufar may be considered for the shipment of ore to the process plant of Solway in Ukraine or it may be considered in the future for the power plant in El Estor, Izabal. The first option would speed up the operation in the area, since the infrastructure would be limited to a few temporary facilities. The installation of a processing plant on site is not required for this project, due to the proximity of the processing plant in El Estor Izabal in the future.
Since 2004, CGN has a license of Exploration in the Montufar area and to this date it has conducted several studies and drilling campaigns. With the drilling conducted in 2007, CGN was able to corroborate some of the historical data of previous work carried out by INCO.
In October 2011, CGN took the next step in developing the mining project Montufar and requested operating license to the Ministry of Energy and Mines. Together with the application, an Environmental Study and a work plan for the planned activity was prepared.
Los Amates, Izabal
The municipality of Los Amates in the department of Izabal is located 200 kilometers from the capital city. According to the 2002 National Population Census, it was established that Amates has 57 thousand inhabitants and its projection for 2011 is of 62,934 inhabitants.
Los Amates is divided by the main road in two production areas: towards the border of Honduras with the highest agricultural production of banana in the region and coffee plantations. On the other side towards the Lake Izabal area, there is mainly livestock.
In addition, in the municipality of Los Amates they have also developed in other economic areas like tourism, production, industry and commerce. Tourism is one of the most important because of the beaches in the area and Quirigua, one of the most important archaeological sites in the area, it’s a carved stone column sculptured in 771 BC, reaching more that 10 meters of height.
