El Salvador's president plans to lift a ban on gold mining, citing economic benefits, but facing environmental concerns.

El Salvador's President Nayib Bukele plans to lift the country's seven-year-old ban on gold mining, citing potential economic benefits. The ban was initially put in place in 2017 due to concerns over the environmental and health risks associated with cyanide and mercury used in mining. Bukele argues that mining a small portion of the country's gold deposits could yield $131 billion, equivalent to 380% of GDP. However, the proposal has faced backlash from environmentalists and locals worried about the impacts on water supplies and the environment.

3 months ago
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