El Salvador Eyes $3 Trillion Gold Mine Beneath Its Soil
According to President Nayib Bukele, the nation sits atop a deposit of gold that could radically transform the small country's financial future.
El Salvador could be 'sitting on a gold mine' with $3 trillion in unmined gold
El Salvador's gold reserves could be worth an astounding three trillion dollars - representing over 8,800% of the country's current GDP
El Salvador sitting on $3 trillion worth of unmined gold, president says
In a speech earlier this week, Bukele said that the Central American nation is sitting on unmined gold worth as much as $3 trillion, which is roughly over 8,800% of its current GDP. “We’ve also found gallium, tantalum, tin and many other materials needed for the 4th and 5th industrial revolution,” Bukele said.
President's push to scrap gold mining ban causes outcry in El Salvador
El Salvador's gang-busting strongman President Nayib Bukele has set out on a new mission: to kickstart his country's sputtering economy by inviting back the mining companies that were barred seven years ago.
El Salvador discovers a potential $3,000,000,000,000 worth of gold and no one is allowed to mine it
"El Salvador potentially has three trillion dollars, make no mistake its not billions, it's trillions, three million million dollars in gold alone. "We've also found gallium, tantalum, tin and many other materials needed for the fourth and fifth industrial revolutions.
Catholic Church in El Salvador calls on president to maintain ban on gold mining
The Catholic Church in El Salvador has asked President Nayib Bukele not to repeal the 2017 law that prohibits the mining of metals in that country.
El Salvador president proposes ending country's metals mining ban
El Salvador President Nayib Bukele has proclaimed himself in favor of mining gold in the Central America country and called ...
From VOA Spanish: President considers allowing mining Salvadoran gold
El Salvador has banned metal mining since 2017, but President Nayib Bukele's government is considering reinstating it because ...
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Central American Countries Backtrack on Metal Mining Ban
Metal mining has a renewed momentum in Central America, encouraged by populist rulers who, in order to soften environmental ...
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El Salvador to Change Bitcoin Payment Law for $1.3 Billion IMF Loan
El Salvador revises its Bitcoin policy, making business acceptance optional, to secure a $1.3B IMF loan and unlock additional global financing ...