MINING REFINING

The Cuban Government reaffirms its bet on gold mining

Thu April 03 2025

While severely fighting illegal mining, the Cuban government announced new concessions for gold prospecting in the provinces of Sancti Spiritus and Camagüey, in a new bet on the mining sector as a possible source of income for the depressed state coffers.

The decision, made by the Executive Committee of the Council of Ministers and signed by Prime Minister Manuel Marrero, seeks to consolidate the exploration of this valuable natural resource, with a view to its future commercial exploitation.

Agreement 10086/2025, published in the Official Gazette, extends until February 2027 the concession granted to Empresa Geominera del Centro to continue geological research in the Macaguabo area, in the municipality of Sancti Spíritus.

The extension of the term, which initially expired in 2025, will allow further studies on gold resources in this region, which is considered one of the most promising in the country.

On the other hand, Agreement 10087/2025, included in the same Gazette, authorizes new geological investigations in Camagüey, another province with a significant history in mining production.

The works are located in the area called Alrededores Jacinto, located in the municipalities of Sibanicú and Guáimaro. They will be in charge of Empresa Geominera de Camagüey for three years, to verify past results and investigate new gold concentrations.

Source: https://oncubanews.com/