El Salvador might soon allow gold mining after long-time ban
El Salvadorʼs head-of-state wants to end the countryʼs seven-year mining ban to tap into untouched gold deposits. With strong political backing this change could reshape the nations economic landscape
In a game-changing move Nayib Bukele El Salvadorʼs leader spoke up against the nations long-standing no-mining rule calling it totally-nonsensical. His statement (posted on X social platform) points to the countrys untapped gold deposits as hidden treasure that could bring big changes
The seven-year-old mining restriction – which came into effect back in twenty-seventeen; looks shaky now as Bukeleʼs political group holds most seats in the law-making body. The weak and scattered opposition dont have much power to stop any changes to current rules
The presidentʼs words show his clear pro-mining position: untouched gold resources could make El Salvador much richer (something that hasnt been possible since 2017 due to strict rules). With Bukeleʼs party having such strong control in Congress; any formal request to end this ban would likely pass without much trouble
Our unmined gold represents wealth that could transform El Salvador
