HomeTopicsEnvironment and WildlifeCosta Rica Introduces Plan to Auction Gold Mining Rights in Crucitas

Costa Rica Introduces Plan to Auction Gold Mining Rights in Crucitas

Laura Fernández, Minister of the Presidency, and other officials from the Chaves administration presented a bill to the Legislative Assembly that would permit mining in Crucitas.

According to the government, the bill’s objective is to regulate mining activities in Crucitas and prevent environmental damage and gold theft by third parties.

“It is essential to address the severe environmental and security crisis the area has faced for many years. This proposed law, regulating open-pit gold mining, applies exclusively to the Cutris district of San Carlos and does not authorize mining nationwide,” said Minister Fernández.

The proposal is based on an “upward auction” model, starting from a minimum rate per ounce of gold, aimed at maximizing economic returns for the country.

“With this law, mining operations in Cutris will undergo a competitive bidding process, starting at a ‘floor’ rate for the ounce of gold, which will generate greater profit for the country. We cannot allow the continued theft of gold that belongs to all Costa Ricans,” she added.

If approved, the law would allow the government to set a minimum rate per ounce of gold. This rate would serve as the basis for an auction open to national and international bidders, aiming to achieve higher economic returns for Costa Rica.

Fernández explained that work on the initiative has been underway for weeks, with the goal of ensuring the country benefits from its resources.

“Costa Rica’s gold is being stolen, and we need to say it clearly. Organized crime, with groups carrying heavy weapons, is now confronting our police,” the Minister said.

The meeting was attended by Franz Tattenbach, Minister of the Environment; Manuel Tovar from Comex; and Chancellor Arnoldo André Tinoco, as well as representatives from the Ministry of Security.

According to Tattenbach, the project is well-constructed and developed with technical expertise. Specialists in geology and mining supported the drafting of the bill to ensure that mining operations are carried out in an orderly manner, respecting the area’s specific characteristics.

Trending Now

Your 2027 Marchamo Comes With a Sticker That Lasts 10 Years

Your 2027 marchamo can be checked and paid starting Monday, Nov. 2. If your vehicle has a windshield, it's also the last year you'll...

Uvita Mansion Hid 357 Cocaine Packages and Costa Rica’s First 3D-Printed Rifles

Police seized 357 cocaine packages and Costa Rica's first 3D-printed rifles at a luxury house in Uvita.

Costa Rica Gets Five Weekly Nonstop Flights From London Heathrow

British Airways now flies nonstop between London Heathrow and Costa Rica five times a week, and for the first time the route will run...

Costa Rica Opens Walk-In Motorcycle Road Tests Without Appointments

If you've passed your motorcycle theory test and can't find a road-test appointment, you don't need one this week. Through Friday, Oct. 30, you...

Costa Rica Could Lose 24-Hour Tsunami Monitoring Over University Cuts

Costa Rica's tsunami warning center says it will stop round-the-clock monitoring of the country's coasts on Jan. 1, 2027, unless the government and lawmakers...

Costa Rica’s Children’s Hospital ICU Is Full as Respiratory Viruses Spread

The ICU at Costa Rica's national children's hospital is full, with 18 children on ventilators. Here is how to protect your child.

Costa Rica Begins New Prison Transfer Phase as CACCO Opens to Inmates

Costa Rica was scheduled to begin moving prisoners into its new maximum-security facility today, marking the next step in the government's effort to tighten...

Costa Rica Used-Car Imports Fall 85% After Tax Loophole Closes

Costa Rica imported just 631 used vehicles in September, down 85% from a year earlier, as new customs valuation rules took hold. The average declared value doubled to $8,227 and tax per vehicle rose 71%.

Costa Rica Megaprison to Limit Conjugal Visits to 30 Minutes Every Six Months

Costa Rica's CACCO megaprison takes its first inmates Monday under strict new visit rules.
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel